Bankers Petroleum is in a strong long term bullish trend.

According to Surperformance ratings, the group has strong fundamentals. In fact, revenues burst since 2009 and analysts expect sales to grow of 25% by 2015. Moreover, profitability has been largely improved, 2013 net margin was nearly 11% and should reach 17.4% at the end of the current fiscal year. The upward revenue and EPS revisions show that the activity is in a good momentum and should help the stock price to progress. The group has a sound financial situation and offers an interesting valuation level considering both P/E ratio at 11.9x on 2014 estimates and EV/Revenue of 2.13x for the same year. Finally, the stock is supported by a strong buy consensus.

From a technical viewpoint, the share is in an unstoppable bullish trend. Nothing seems to be able to stop this movement that is supported by moving averages on all time scales. Thus, the stock prices breakthrough every resistance level ahead of them as they did with their last resistance level at CAD 5.84.

Therefore, a long position can be taken at the current price to benefit from this long term bullish trend. The target will then be CAD 6.5. A stop loss will be placed under the last resistance level that became a support in case of a consolidation phase.