Cooper Tire & Rubber is trading in a bullish trend and several elements argue for the continuation of this trend.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Debt is decreasing rapidly and the leverage is reducing at 0.86.

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

In consequence, investors can take a long position in Cooper Tire & Rubber with a first target price at USD 27.5. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be fixed at USD 22.2.