Masimo Corporation continues its bullish trend in order to test new highest level.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 44.64 short term support. This trend should allow the stock to reach its USD 55 threshold, which will be the main target price.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position above the USD 47.7 threshold. The first target price will be the USD 55 resistance. A stop loss will be placed under the USD 45 trend line, threshold that would invalidate this trading strategy.