Cabelas is still well oriented and is going to new highs.

Regarding the fundamentals, we note the increase of sales recorded over the previous year and estimated for 2013 and 2014. Moreover, EPS forecast for 2013 and 2014 have been revised upward by the Thomson Reuters' consensus.

Graphically, the security is up 67% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the USD 71.5 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above USD 71.5, a buy signal will be given.

Therefore, investors could take a long position in Cabelas, on crossing of the USD 71.5 mid-term resistance. The first objective will be the bullish trend line around USD 76. A stop loss should be placed below the effective entry point threshold that would invalidate the strategy.