The share is reaching a technical resistance and could begin a bearish trend.

The fundamentals show weaknesses and imply to be careful. Profits is expected to drop in 2014 and thus the P/E ratio seems high. The EPS estimates endured a sharp decrease during the past months and the earning per share for 2014 has fell by the half.

Graphically, the stock went through a period of rebound in recent sessions towards the EUR 26.5 medium-term resistance. After filling the gap on this level, the share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the EUR 22.38 support area which will be the bearish objective.

Therefore, the proximity of mid-term resistance suggests a correction phase in the coming sessions. The most offensive will open a short position close to EUR 26.5 to target a return on the EUR 22.4 support. Traders should protect the open position with a stop loss set above EUR 26.5.