The double bottom is forming on the USD 20.4 support and will help for a technical rebound.

From a fundamental viewpoint, the company has a positive treasury which is growing every year ($1.6B in 2013). The group has a good financial situation and then the profitability is important with net margins expected at 13.2% this year (earnings release the 03/03/2014).

Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at USD 21.6, shows.
Nevertheless, the stock seems in an oversold situation, near to its USD 20.4 support in daily data. This level might stop the bearish trend in the short term and the double bottom will help this scenario to be real.

Consequently, investors should buy the stock at the current price in order to reach the USD 22.2 first and then the USD 23.6 (mid-term resistance). The stop-loss will be placed at USD 19.9.