The USD 10.22 resistance is in line of sight.

The fundamentals of the company are getting better. The company should be profitable again starting from the next year. The consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market. Analysts are positive on the security and have an average target price at USD 10.6.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 10.2 resistance.

According to those elements, active investors can open a long position in ShoreTel to target USD 10,2. A stop loss should be placed under the short term support at USD 9,26.