Prices are currently in contact with the 50-day moving average which could act as a support

From a fundamental viewpoint, analysts have recently revised upward their EPS estimates, situation which could support a bullish bias.

Technically, shares are in contact with the 50-day moving average which acted as a support during the last trading sessions. This level correspond nearly to the short term pivot point which could also support prices and encourage a new rise. This situation could leads to a recovery toward the USD 41.4 short term resistance.

To conclude, a buying position can be open at the current price in order to reach the USD 41.4 resistance. In case of 50-day moving average breakdown, the trade should be closed.