The technical recovery is coming to an end.

From a fundamental viewpoint, the company is expected to publish sales down 35% and a EPS lowered by 36%. Moreover, analysts have revised their EPS estimates during this year.

Technically,indicators highlighted an overbought situation in recent sessions. This indicator shows a limited potential for a possible recovery. Moreover prices are currently in contact with the USD 47.7 resistance and could form a double top pattern which will provide a strong bearish signal.

The upside seems limited as shown by fundamentals and technical configuration. In contact with the USD 47.7 resistance, a movement of consolidation could return the stock towards the USD 43.1 mid-term support. As a result, the most aggressive investors could take a short position near USD 47.7 but they need to set a stop loss above this resistance because the crossing of this level would invalidate our scenario.