CDW comes back upon contact with important technical level that might give impetus to a rebound.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2013 and has a great business predictability. The consensus average target price displays an upward potential of 18%.

From a technical viewpoint, the trend is neutral in the short term but bullish in the mid and in the long term. The security is trading within the USD 34/35.6 range. The latest decline pushed the security upon contact with important levels, in weekly and in daily data. These supports, respectively at USD 34.26 and USD 34, could stop the bearish trend of these last days. Moreover, the rising 50-day MA strengthen the relevance of this zone.

As a result, active investors can immediately open a long position in CDW thanks to the close proximity of the support area. The first target price will be the USD 36.4 pivot point (after the breakout of the next resistance at USD 35.6) and then, the second target price would be the USD 39. If there is a breakdown of the USD 34 support, investors should close their positions.