The company displays solid fundamentals. Indeed, the group’s Surperformance ratings reflect its qualities in terms of sales growth, profitability and a healthy financial situation. Thus, revenues are rising, sales are expected to exceed USD 2.5 billion this year and approach USD 3 billion in 2015. Profitability continues to improve with a net margin awaited near 10% at the end of fiscal 2015. Finally, analysts regularly review their estimates, evidence of the growth outlook on the activities, and their consensus is mainly buyer.

Technically, the share is in a strong long term bullish trend. Prices progression is supported by well oriented moving averages on all time scales. However, the equity was recently blocked by the resistance of USD 64.60. Thus, profit taking could be engaged in the coming sessions. The crossing of this level would invalidate this idea and would be a signal of a resuming bullish trend.

Consequently, a purchase may take place over USD 64.60 with USD 70 as main target. However, a stop order will be placed below the entry points in case of failure of the bullish overflow.