RealPage could reach its USD 27 resistance thanks to the breakout of the USD 23.8.

The company’s fundamentals are still strong. Sales are expected to rise up +20% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates for the current and next year.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 27 long term resistance. Moreover the breakout of the trend line give one more argument for this scenario.

In consequence, investors can take a long position in RealPage with a first target price at USD 27. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set under the trend line at USD 22.9.