The share has undertaken a brief correction that could lead to interesting entry point.

The company’s fundamentals are still strong. After a 5% increase, sales and operating income should know 2 digits growth. Analysts from Thomson Reuter’s consensus have an average price target that show a +11% potential.

Technically, the security is in a bullish tendency and tested many times the upper trend line. The stock is currently in a constant drop since the last contact with the USD 80.20 resistance, that should send it back to the USD 75.75 support area.
This level could be an opportune entry point for investors, who could target a reversal toward the USD short term resistance. A stop loss will be placed at USD 75.3 to protect the trade from a further correction.