The USD 30.3 resistance is in line of sight.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-period moving average helps the stock to keep its uptrend. In daily data, the gap filling at USD 28.8 is now an argument for a technical rebound (and so is the USD 28.6 support).

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to open a long position at the current price in order to benefit from a possible reversal. The first target price is the USD 30.3 resistance. A breakout of this level will be a new bullish signal for higher goals.
A stop-loss will be placed under the USD 28.6 short term support, threshold that would invalidate this trading strategy.