The security is near to an opportune buying point.

Company's fundamentals are still strong. The firm benefit from a high growth, both passed (+48.5% in 2012) and estimated (+19% this year). Further, the profitability is expected to rise in 2013 with a profit margin of 7.4% compared to 6% in 2012. Eventually, the stock has a bit suffered from a slight downward revision in earnings per share estimates during last June. The latter has stabilized in July and should allow the security to free from the selling pressure.

Graphically, the trend is bullish in the medium and long term. On a shorter time scale, prices has known a slight decrease to come back near a bullish trend line, corresponding to the 100-day moving average. The stock should, as a consequence, be able to bounce towards the EUR 179.6 mid-term resistance.

A long position can be opened at the current price. The first target is EUR 179.6 with a stop loss below the 100-day moving average, currently at EUR 165.