After a breathing stage, the share is likely to accelerate again.

The company has strong fundamentals. Sales have constantly increase since 2012. The operating income is expected to rise of 10% after +18% in 2014. The share has still a +4% potential to reach the consensus average price target.

Technically, the security is consolidating in a wide tunnel. It has successfully tested the CAD 37.25 resistance and is now evolving near the CAD 34.75 short term support. Moreover, the stock is very close from its lower trend line. Those levels and the fact that the share’s price is below its 20-day moving average and the 50-day moving average militate for a speedup.

Consequently, investors can take a long position at current prices and target the CAD 37.25 short term resistance area. A stop loss should be set at CAD 33.8.