Good financial forecasts and an opportune entry point militate for a long position on the stock.

Fundamentally, EPS estimates were upward revised over the last 12 months. There is a +9% potential to reach the consensus average target price. Moreover, none analyst has an opinion below “neutral”. Sales and net income growth rates are expected to be between 5 and 8%.

Technically, after a few tests of the USD 88 threshold, the stock has fallen constantly before hitting the USD 73 support area. The nearby USD 72.1 long term support should prevent the stock from a further correction.
Consequently, investors may buy the share at current prices and target a reversal toward the USD 80.1 resistance. A stop loss should be set at USD 72.