The stock is well oriented and should exit upwardly its trading range in the coming sessions.

From a fundamental viewpoint, the company is strong. Surperformance ratings highlight its growth and profitability qualities. In facts, the sales are expected to reach USD 800 million by the end of the year, +21% compared to 2013. Moreover, the group’s net margin should stay above 8%. Analysts are enthusiast on the business activities as they regularly increase their revenue estimates.

Following a strong acceleration, the stock is close to a strong resistance level. Indeed, this area represents the upper bound of the trading range that enfolds the share prices since early 2014. The breakout of USD 47 will then be a strong "buy signal" to benefit from a bullish acceleration. Moreover, moving averages are well oriented and support this idea.

Therefore, a long position could be taken above USD 47 with a target set at USD 50. Nevertheless, a stop loss will be placed under the entry points in case of failure of the bullish overflow.