Strong fundamentals and a positive price move militate for a long strategy.

Fundamentally, the company enjoys an excellent Surperformance rating which underline the business predictability, the revenue growth and the optimism of the consensus. Indeed, analysts have upward revised their EPS and sales estimates. In addition, they are all buyers and have set an average target price displaying a +5.5% potential.

Graphically, the stock is in a bullish trend on all times scales. This strong movement keeps all moving averages well oriented. The share recently crossed the USD 120 threshold and that give an important signal to aim for higher target.

Consequently, investors may open a long position as long as prices stay above the short term resistance. A first target could be the USD 130 psychological threshold. A stop loss order could be set at USD 116 if the bullish move runs out of steam.