Oshkosh Corporation continues its bullish trend in order to test new highest level.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.72 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 60 resistance.

Thanks to these good indicators, it seems relevant to take a long position in Oshkosh Corporation at the current price. The target price is the USD 60 resistance. A stop loss will be set under the USD 55.5 because a breakdown of the pivot point would damage technical pattern.