Cyberonics's share price is coming back to the lower bound of its trading range.

Fundamentals of the company are strong. Surperformance ratings highlight its qualities in terms of growth, profitability and visibility. In facts, sales prospects are encouraging and net margin should exceed 20% this year. The consensus of analysts is unanimously buyer and their average target price offers a 26% potential on current prices.

The stock evolves within a trading range between USD 57 and USD 64. The recent downtrend has brought back the stock to the lower bound of this range and already started a technical rebound. An acceleration of this technical movement should lead stock prices towards USD 64 in the coming sessions.

Thanks to the technical pattern and Cyberonics’s strong fundamentals, active investors can take a long position at the current prices. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The goal will be fixed at USD 64. However, a bearish trend would regain the upper hand if the security crosses downwardly USD 57.