The company’s fundamentals are still strong. Sales are up 33.8% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to cross soon the USD 27.6 mid term resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from the uptrend. The first target price is the USD 29 resistance. A breakout of the level will be a new bullish signal for higher target price. A stop loss will be fixed under the USD 26.5 (20-day moving average), threshold that would invalidate this trading strategy.