The share is meeting an important level. We suggest caution because this point could stop the bullish trend.

The fundamentals analyze underline some weaknesses. The security seems highly overvalued knowing the sharp downward revision on EPS forecast for 2014. Indeed, during the past 12 months the consensus push down EPS estimations by more than 20%. The disappointment on the previous company releases imply to be careful for the future.

Graphically, the share is in a period of technical rebound that allowed it to reach the USD 29,7 short-term resistance. Moreover, the recent positive reaction on prices has allowed to fill-in the gap. This area could trigger a sell signal for investors in case of profit-taking. Thus, the rallying of the USD 27 support area will be considered for upcoming sessions.

The graphical configuration argues to establish a short position at the current price. The end of the technical rebound, the consolidation phase and overbought situation represent all the characteristics for short selling. The first objective will be fixed near the USD 27 short term support and by extension the USD 26 area. This strategy should be protected by a stop loss above USD 30.