Take advantage of the uptrend

From a fundamental perspective, the firm enjoys an excellent Surperformance rating which underlines the attractive valuation and the analysts’ optimism. Indeed, the latter have upward revised their EPS and sales estimates over the past 12 months. Moreover, the consensus is almost exclusively buyer (>90%) and has set an average target price displaying an upward potential of 21%.


Following a bullish wave, the stock has been in the USD 16.65/19.75 consolidation range for several months. As weekly moving averages remain well oriented, this level could allow a remobilization of buyer flows that would give the security a new momentum.

Consequently, investors may open a long position at current prices and target a reversal toward the USD 18.3 resistance. A stop loss order will be set at USD 16.1.