C.R. Bard has still an uptrend and is going toward its highest level.

Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

C.R. Bard is in an uptrend in the medium and long term, but the last bearish movement returns close to the USD 107.4 major support level. This trend may be reversed soon upon contact with the short term support, corresponding also to the 20-day moving average.

According to both technical and fundamental elements, it seems opportune to take a long position on the USD 107.4 short term support. The bullish trend should allow the security to reach the USD 111.8 resistance. A stop loss will be placed under the USD 107.4 short term support to avoid a downtrend.