Indicators argue for a technical correction after the last bullish movement recorded in past sessions.

From a fundamental viewpoint the company appear overvalued. P/E Ratio for the current year and the next one are important. Moreover, analysts have revised downward their expectation of EPS for 2014 over the last months.

From a technical viewpoint, the proximity of the USD 56.2 medium-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.

The graphical configuration argues to establish a short position at the current price. The first objective will be fixed near the USD 50.3 short term level and by extension the USD 45.9 area. This strategy should be protected by a stop loss above USD 56.2.