J&J Snack Foods could regain its upward trend after having run out of steam.

The company published a better than expected EPS at USD 1.12 for the third quarter of 2013 while the consensus was USD 1.11. Analysts following the security have a clear visibility on activities of the group, they also revised regularly EPS estimates for the two coming years.

Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the USD 74.9 and therefore does not affect the upward trend in the medium and long term.

The decline observed in the short term offers an interesting entry point. Investors will take advantage of the current area to buy J&J Snack Foods. The objectives will be set at USD 79.7 and by extension USD 84.2. The stop loss will be triggered below the USD 74.9 support.