Take advantage of a potential rebound on Electronics For Imaging, a US digital printing company.

Basically, sales for 2015 stood at USD 883 million and are expected to grow in 2016 to over USD 1 billion. Net earnings per share should doubled in 2016, nearly USD 1.6. Finally the Thomson Reuters consensus following this stock remains predominantly a "purchase position" with an average target of USD 54.

Technically, the security sharply fell for several weeks. This fall lead shares on Electronics For Imaging toward the USD 36.06 support area, which could become a stepping stone for a bounce in prices. This push could draw an upturn movement, thus launching the equity toward the USD 38.86 resistance level. Even though daily moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Electronics For Imaging, but foremost, the bottom line of the rising wedge could support the subsequent bull run.

Thanks to the technical pattern and strong fundamentals of Electronics For Imaging, active investors can open a long trade above USD 36.1. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The goals will be fixed at USD 38.86 in a first time and then at USD 41.5. However, a bearish trend would regain the upper hand if the security crosses USD 36.1.