Heico could regain its upward trend after having ran out of steam.

Strong fundamentals and qualitative Surperformance ratings support the company. Revenues, margins and the financial situation are improving. Moreover, this momentum is not showing any sign of deceleration, as sales are expected to rise by 15% while leverage should set at 1.08, 35% reduction, at the end of 2014 fiscal year. Likewise, EPS have been significantly revised upward by Thomson-Reuters analysts with a 10% progression over the year. The share is supported by a strong buying consensus from analysts.

On a technical viewpoint, after a strong bullish trend, a consolidation phase has recently brought the stock near its USD 57.85 support line. Moving averages orientation supports a reversal opportunity and the share price could quickly reach its USD 64.5 resistance.

Investors could take a long position to take advantage of renewed upward acceleration in the direction of USD 64.5. A stop loss is placed under USD 57.85.