The USD 43.8 support area, currently tested, might facilitate a technical rebound.

The company’s fundamentals could validate this scenario. From a fundamental viewpoint, the security is cheap with a PER of 15.1x for 2014 and 13.06x for 2015. Besides, EV/Sales is low with a ratio at 0.46x for this year.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the USD 43.8 area should stop this trend and allow a technical rebound towards USD 47.8. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

In this context, investors could take a long position at the current price to target USD 47.8. A stop loss will be set at USD 42.9.