The USD 54.15 resistance is in line of sight.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.

According to both technical and fundamental elements, it seems opportune to take a long position on the USD 34.34 level. The bullish trend should allow the security to reach the USD 43.7 resistance, tested few days ago. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 34.34 short term support to avoid a downtrend.