The firm strength and the nearby significant support militate for opening a long position.

Because of high quality fundamentals, the firm has an excellent Surperformance rating. Moreover, the P/E ratio for 2015 estimates earnings is well below the industry average. Furthermore, the current valuation shows a +13% potential to reach the consensus average target price, which is fairly buyer (>60%). Finally, analysts are aiming for 2 digits growths regarding the EBITDA and the net income.

Technically, the stock has been evolving in a consolidation range limited by EUR 84.8 and EUR 95.8 for many weeks. After testing the EUR 91.5 resistance, the share is now in its EUR 84.8 support area, near the lower trend line. The closeness of those 2 technicals aggregate could be the basis for a forthcoming acceleration.

Consequently, investors may buy at current prices and firstly target a return to the EUR 91.5 EUR level. A second goal could be set near the EUR 95.8 resistance. A stop loss order should be set at EUR 84.3.

At the publication date, the company Surperformance, editors of 4-traders.com website, held a position of 80 shares bought at an average price of EUR 68.18 on the 9th july 2014.