After a technical rebound, the stock is showing signs of weaknesses near to the USD 31.6 resistance.

From a fundamental viewpoint, analysts have largely revised downward thier EPS expectations for 2014 and 2015. This situation could feed some profits taking and argue for futher decreases.

Graphically, the stock went through a period of rebound in recent sessions towards the USD 31.6 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the USD 27.98 support area which will be a bearish objective.

The technical configuration and fundamentals lead us to predict a consolidation phase, at least in the short term. The USD 31.6 should play its full role and stop the upward trend initiated in the short term. Therefore, to take advantage of this technical correction, a short position may be opened in the current area to target USD 28. In case of further acceleration, the stop loss will be triggered above the USD 31.6.