The American producer of multi-purpose maintenance products could see its shares rise in the coming trading sessions.

With increasing sales in Americas and the EMEA, where the group holds its main operations, the company offers qualitative fundamentals for smart investments. Better margins are anticipated concerning this period and annual sales should emerge more than 4% on average for both 2014 and 2015. Therefore superior yields and earnings should be registered by the end of this fiscal year, this in accordance to estimates of Thomson-Reuters analysts. Analysts actually monitoring the American manufacturer hold a buyer outlook on the equity.

Technical patterns shape a security that has been evolving within a rising wedge for long time, which suddenly dropped on last trading session due to lower-than-estimated second quarter profits as consequence of higher costs exclusively. This fall got prices close to a cross point between the upper line of the bullish pattern and both short and midterm support. This key level would help them to come back toward the USD 75.7/78.3 range. In addition, orientation of both daily and weekly moving averages should assist this movement.

According to both fundamental and technical analysis, the timing seems suitable for getting long on WD-40 around USD 72.8, whence the target being the USD 78.3 resistance. A stop loss could be set at USD 69.9, avoiding, these way, unnecessary risks.