Wajax is one of the major heavy equipment providers in North America. Their products deserved a large range of industrial sectors : timber industry, mining, gaz and petrol, transportation, gas pipeline, handling. A performing after-sales service completes this high quality offer.

From fundamental viewpoint, the company recorded a progressing turnover growth, expected at 1.5 billion Canadian dollars for June 2012. Net income follows this trend with increase of 9% expected from 2011 to 2012. EPS will be closed to CAD 4 but the price / EPS ratio shows a relative weakly valuation at 12.2x estimates for 2012.

Technically, in weekly data, stock is failing to sustain bullish impetus and could plummet until the CAD 43.3 short-term support. The bullish trend seems finish since the contact with the CAD 49.4 resistance. The 20-days moving average could make pressure on the stock to drive it to the CAD 43.2 support.

Investors could only engage a buying strategy on the short-term support. In this case the objective will be fixed at CAD 49.4 and the stop loss will be placed under CAD 40.5.