Proto Labs has still an uptrend and is going toward its highest level.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are ready to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year, from USD 1.16 in October 2012 to USD 1.33 today, and that let see a great potential for the security on the stock market.

Technically, the security shows a bullish configuration on all time scales. Indeed, prices are supported by increasing moving averages. Furthermore, the stock is near the USD 44.5 short term support, level corresponding to the 20-day moving average. This configuration should help the security to reach the USD 52.8 resistance.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 52.8 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 44.5 short term support to avoid a downtrend.