Acuity Brands offers an interesting level in order to buy the stock.

The group qualitative Surperformance ratings bring to lights strong fundamentals such as growing sales, high profitability and sound financial situation. Indeed, revenues are increasing, +28% since 2010, and analyst forecasts show no sign of deceleration. In fact, sales are expected to grow by 14% this year, while net margin should reach 7.6%, one of the highest levels for this sector. Moreover, Thomson-Reuters analysts have revised upward their revenue and EPS estimations for the two coming years. Furthermore, the financial situation is sound as the company has deleveraged its balance sheet and should finish 2014 with a positive cash position.

Following a strong long term bullish wave, the stock suffered from the decline of major U.S indexes during the last trading sessions. This correction movement has brought the stock close to its ascending trend line. At this level, a re-boost of buyers would enable an upturn towards USD 133.5.

Therefore, investors could take a long position at the current price. The target will be USD 133.5. A stop loss will be fixed below the entry point in case of a breakdown of the ascending trend line.