The USD 45.3 resistance is in line of sight.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt is decreasing rapidly and the leverage is reducing at 3.23.

Technically, the security is in an uptrend on all time scales and it is supported by the increasing moving averages. The bullish trend will not be stopped until prices are above the USD 41 short term support. This trend should allow the stock to reach its USD 45.3 long term resistance, which will be the first target price.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 45.3 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed at USD 39.8 under the short term support to avoid a downtrend.