Diplomat Pharmacy is back on its support area and this is a strategic entry point.

From a fundamental viewpoint, Diplomat Pharmacy has undeniable qualities. Growth is likely to be because the Thomson Reuters consensus counts on sales increase for the current year.

The area of the USD 29.65 support should enable the stock to have a new bullish trend. The short term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short-term resistances.

Investors can open a long trade in the USD 29.65 area. In the first instance, the target price will be the 20-day moving average at USD 33. In case of breakdown of the USD 29.65 support at closing price, investors should close their trades.