PAREXEL International still has an uptrend and is going toward its highest level.

The company shows strong fundamentals as highlighted by its Surperformance ratings. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, perspectives on the activities are great and the consensus revised upward EPS estimates for this year and that let see a strong potential for the security on the stock market.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. However, the stock is approaching a strong resistance at USD 58 which could stop its progression. The crossing of this level will be a strong bullish signal to test new highs.

According to both technical and fundamental elements, it seems opportune to take a long position over USD 58. The bullish trend should allow the security to reach the USD 63 resistance. A stop loss will be placed under the entry points in case of failure of the bullish overflow.