Take advantage of the uptrend.

Financial forecast are encouraging, sales increase is expected around 10% while EBITDA and net income should show a 2 digits growth. Moreover, EPS estimates has been upward revised over the last 12 months. The average target price made by analysts offer a +21% potential.

The share is in a bullish trend in the medium and long term. The decline observed in the short term offers an interesting entry point for a mid-term investment. The stock is supported by the rising 100-day moving average and the 20-week one. Moreover, the closeness of the USD 29.8 support should prevent the stock from a sharp drop.

Consequently, investors may open a long position at current prices and target the USD 33.9 resistance and by extension the USD 36.7. The stop loss will be triggered below the USD 29.8 support.