The share of the German company SMA Solar Technology remains strong with growth of +233% since the beginning of the year, and comes in contact with its 2012 levels.

The company's fundamentals remain very strong. Analysts widely revised upwards their earnings forecasts. Net earnings per share is expected at EUR 0.18 for 2015 vs EUR -5.16 the previous year. Sales are also expected sharply higher for the current year to EUR 927 million, up +14%.

Technically, the share SMA Solar Technology has a continuous bullish configuration since the beginning of the year. Prices are well-supported by the positive trend of moving averages. In weekly data, the 20-period moving average helps the stock to keep its uptrend near the upper limit of the ascending triangle.

Thus, taking into account the good fundamentals and the interesting technical configuration, it seems appropriate to open a long trade on the stock SMA Solar Technology to benefit from the further movement. The first goal is attached to the EUR 52.5 short-term resistance. Its crossing would open new bullish target to EUR 60. A stop loss will be placed under the EUR 47.2 support that would invalidate the strategy.