The share is meeting an important level. We suggest caution because this point could stop the bullish trend.

From a fundamental viewpoint, analysts have reecently revised sharply their EPS estimates. Situation which could feed some profit taking in the short run.

From a technical viewpoint, the proximity of the USD 24 short and long-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the USD 20.5 support. Only the breakdown of this level would open up new bearish targets toward USD 18.2. The stop loss will be set above USD 24.