Take advantage of the uptrend.

The company’s Surperformance rating underline the revenue growth, the sound finances and its profitability. The consensus average target price is displaying an average target price of about 8.9%. Net income and sales should have two digits growth in 2016.

Graphically, in the mid-term the trend is bullish and now bearish in the short term. After a test of the USD 25.5 resistance, prices have come back upon contact with the USD 22.17 support. A rebound started and seems supported by the 50-week MA.

Consequently, investors may open a long position at current prices and target a reversal toward the USD 23.83 resistance in first instance and by extension the USD 24.9 will be targeted. A stop loss order will be set at USD 21.95.