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

From a fundamental viewpoint, the security has great attributes. As claimed by Thomson Reuters, the net margin is anticipated to rise by 57% in 2017.

Graphically, buyers influence have been downsized. As the trend in the short term became bearish, profit taking is part of a rebound on USD 112.1 and therefore does not affect the upward trend in the medium and long term. The daily support and the upward trendline confirm this scenario.

Consequently, the decline on the USD 112.1 offers an entry point on the stock. Most active investors could buy the equity at current prices targeting a return to USD 120.6 and USD 126. A stop-loss order will be placed below the USD 112.1 support.