Luxoft Holding is currently on attractive levels to play the upward recovery.

Fundamentals show great growth potential on Luxoft Holding joined to a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. Indeed, EPS has been revised upward for several months and it is expected to grow by 30.2% in 2015 compared to 2014.

From a technical point of view, shares are presently testing its upward trendline in hourly and weekly data also supported by the 100-day moving average. This configuration could allow a technical rebound toward the next resistance at USD 40.5. A stop-loss should be placed under the 100-day moving average in order to avoid important loses in case of a reversal.

To conclude, active investors can open a long position on Luxoft Holding in order to reach the USD 40.5 resistance. Positions should be cut near to the USD 37 area.