Lexmark develops, manufactures and supplies printing and imaging solutions for offices and homes.

As the graph remarked (financials heading), analysts polled by Thomson Reuters have revised upward their earnings per share considerably. Indeed, the group continued its strategies, focusing on productivity through innovative technology and managed print services business. Besides, Lexmark has acquired two companies ISYS Search software, a global leader in high performance enterprise search, and Nolij, a provider of Web-based imaging, to boost its global enterprises software branch capacities.

Graphically, the stock has increased by 18.3%, moving tightly in tandem with U.S market recovery during the last three months. Once USD 37.9 was hit, upside on the bullish consensus was depleted. For this time, profit taking occured and the stock is meeting its USD 33.2 short-term support.

In this case, market participants could take a buying position at the current price to target USD 35.5 and USD 37.9. A stop-loss will be fixed at USD 32.