American Railcar Industries continues its bullish trend in order to define new highest level.

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at USD 2.99.

Technically, the security has crossed an bullish channel by the upper bound. The bullish trend will not be stopped until prices are above the USD 38.8 short term support and 20-day moving average. This trend should allow the stock to reach the USD 48 after the crossing of the USD 43.3 long term resistance.

Thanks to these good indicators, it seems relevant to take a long position in American Railcar Industries at the current price. The target price is the USD 48. A stop loss will be fixed under the 20-day moving average because a breakdown of this level would damage technical pattern.