The stock evolves within a bearish movement since last year but the trend is soon to its end.

Sales of platforms designer and marketer rise at a gradual pace since 2008, fueled by an increase of its electronic business. This year it should improve by 11%, performance that should be translated into a better EBITDA. Otherwise, a rise of 14% is anticipated for 2015. Company’s EPS is expected to deliver $2 per share on the ongoing period and $2.34 per share for the next one.

The USD 53 support, valid in daily and weekly data, represents a key level for gearing the actual bearish wave. A double bottom pattern should be formed while the stock climbs progressively until coming close to the USD 59 resistance. A return in prices above the ascending trend line will be the first clue whether a strengthened bullish movement is carried on.

Active investors could take profit of low levels to buy MarketAxess near USD 53, then the target could be set at USD 59. Otherwise, a stop-loss order could be triggered below the support at USD 51.4.