FleetMatics Group could regain its upward trend after having run out of steam.

The group benefit from upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at USD 172 million against USD 127 million for the previous year.

FleetMatics Group is in bullish trend in the medium and long term. In the present configuration, the share has lost 30% in the recent months. This gives a better price in order to buy the stock, moreover due to the proximity of the mid-term support of USD 32.2.

Consequently, we expect a rebound near the USD 32.2. The most active investors can buy the share in this area and target a return toward USD 39.1. A stop loss can be placed under the USD 32.2 support.