Strong fundamentals and a technical momentum militate for a long strategy.

The firm enjoys an excellent Surperformance rating which underlines its profitability, its business predictability and its solid finances. Moreover, the consensus average target price displays a +25% potential.

Technically, the stock keeps an upward trend in the long and in the midterm. Nevertheless an indecisions phase started a few weeks ago within the USD 21.4/24.3 range. Following a slight decline, the share is now on the lower limit, which is a support. This area relevance is strengthen by the rising 20-week and 100-day moving averages.

Consequently, investors may open a long position at current prices and target a reversal toward the USD 22.8 resistance. A stop loss order will be set at USD 20.8.