Eurasia Drilling could regain its upward trend after having run out of steam.

From a fundamental viewpoint, the security is cheap with a P/E ratio of 13.4x for 2013 and 11.6x for 2014. It is cheaper than the industry average. Sales are estimated to increase by +43.7% by 2015 and profitability is relatively important with a net margin of 12% for this year.

Graphically, buyer flows are reduced. The share has known a decrease towards the USD 38.7 support, which allowed buyers to drive a rebound in order to maintain prices above the 100-day moving average and the bullish trend line. Thus the stock should come back to its positive trend and reach again the USD 41.5 pivot point.

In this configuration, a long position can be opened at the current price in order to reach USD 41.5 A stop loss must be placed below the USD 38.7 support.