Advanced Energy Industries is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for 2014. The great business predictability emphasizes the quality of this investment in the mid-term.
Technically, the security shows a bullish configuration despites a downward movement in the last trading sessions. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Therefore, taking into account these elements, it seems opportune to take a long position at the current price in order to benefit from the support of the 20-day moving average. The first target price is the USD 24.5 long term resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be placed under the USD 21.5 short term support.
Advanced Energy Industries, Inc. provides engineered, critical, precision power conversion, measurement, and control solutions to its customers. The Company designs, manufactures, sells, and supports precision power products that transform, refine, and modify the raw electrical power coming from either the utility or the building facility and convert it into various types of controllable, usable power that is predictable, repeatable, and customizable to meet the necessary requirements for powering a range of complex equipment. Its precision power products and solutions are designed to enable new process technologies, enhance productivity, and provide critical power capabilities for its customers. Its service group offers warranty and after-market repair services. It provides repair service and customer support through its worldwide support organization. Its support services include warranty and non-warranty repair services, calibration, upgrades, and refurbishments of its products.
ADVANCED ENERGY INDUSTRIES, INC. 
