The trendline should drive prices to the next target at USD 151.

From a fundamental viewpoint, the company is really strong. During the past 12 months the Thomson Reuters consensus revised regularly upward EPS estimates of the company for 2013 and 2014(respectively +50% and +68%). The great business predictability emphasize the quality of this investment in the mid-term.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages and this configuration should drive prices to our next target around USD 151(swing effect).

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the crossing of the USD 138,7 resistance. The target price is USD 151 and the trendline should imply a gradual increase. A stop loss will be placed under the USD 138,7.