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

Regarding the fundamentals, we note the increase of sales recorded over the previous year. The group also have a positive treasury, sign of a healthy situation. Moreover, analyst have regularly revised upward their EPS and revenue estimates for 2013 and 2014.

The security is in an upward trend for several months. This movement is supported by the 50-day and 20-week moving average and may stop any bearish inclinations. Exceeding the USD 40.7 resistance will indicate a buy signal with a target price in the area of USD 44.5.

Taking into account all these elements, investors could buy the stock above the USD 40.7 resistance. The target price is set above the USD 44.5, corresponding to the bullish trend line. A stop loss will be fixed below the entry point, threshold that would invalidate the strategy.