Medical Properties Trust continues its bullish trend. A pull back to the USD 12.8 support will give an opportunity to buy the stock.

The economic and financial situation of the company is still strong. Estimated EPS from Thomson Reuters consensus are encouraging.

Since early november, share price rose by 16%, it is in upward trend on all time scale. However, some profit-taking could occur in the next trading sessions. A pull back on the USD 12.8 would allow a new impetus towards USD 13.6 supported by the 20-day moving average.

It seems opportune to take a long position near USD 12.8 to target USD 13.6 and the USD 14.5 long-term resistance. A stop loss will be set at USD 12.2.