After a rebound without fundamental improvements, the security might have a new bearish stimulus close to the USD 107.5 resistance.

The company is trading on high result multiples: 26.64 times its estimated earnings per share for the current year. Moreover, it often disappoints analysts by reporting results worse than expected.

Graphically, the security started a technical rebound on contact with the USD 99 support but it is still evolving in a bearish trend in the long and medium terms. The bullish impetus should be stopped now by the USD 107.5 resistance in the coming trading sessions. Moving averages, negatively oriented, confirm the likelihood of this scenario.

Those elements let envisage a downward movement. It would be opportune to open a short position on the security. The target price will be the USD 101.6 pivot point and a stop loss order must be placed above USD 107.5.