The American used-vehicles seller’s shares likelihood of a rebound increases as it leaves an inflection point.

Financials on the company are encouraging as revenues from activities increased this year. Indeed sales should rise 11% over prior year for reaching $14 billion this year. An improved EBITDA is also seemingly to be registered by the end of the current financial period as well as higher annual incomes. Moreover, EPS revisions reflect a positive outlook from analysts polled by Reuters, with $2.44 per share previewed for 2014 and $2.70 per share for 2015.

Technically, the stock recently tested an important area where the junction of the USD 42.8 midterm support and the bullish trend line appears. Latest loses on prices got the stock into the USD 42.8/47 trading range. However, the crossing point lately tested should drive it toward the USD 47.8 resistance, allowing it to return inside its previous trading range.

Investors could take a long position at current prices, hence targeting USD 47.8. Taking into account the possibility of an approach to the USD 42.8 support before the real recovery takes place, a stop loss could be placed below the support line at USD 41.6.