CoStar Group could soon resume its bullish trend.

The group fundamentals are strong; sales have increased of 75% since 2011, while net margin has risen of 140% during the last fiscal year. Moreover, analyst estimates show no slowing sign for the coming years. 2014 Net margin and Revenues should both increase of 35% in 2014; improving the net margin to 10.5% from 6.7% in 2013. Consequently, EPS are expected to follow the same path, reaching USD 1.81 at the end of 2014. The share is supported by a strong buy consensus and has a 17% potential considering the average target price.

From a technical viewpoint, the stock is in a strong bullish phase on a long term scale. The last consolidation movement has brought back the share price near an interesting entry level considering its potential. The stock could soon regain its bullish trend to reach its USD 214 resistance.

Considering CoStar fundamentals and technical patterns, active investors could take a long position at the current prices. The target will then be USD 214. A stop loss will be placed under the support line, protecting from a more important consolidation phase.