The USD 149.4 support could lead a significant recovery in following sessions.

The corporation that operates mainly in the US could watch its shares climb in the near future. An improvement in sales is awaited, as well as increasing margins should be registered. Hence, the EBITDA should rise by more than 16% during the current fiscal year. Nowadays analysts expect $5.63 per share while just $5.45 twelve months ago; this behavior indicates a better outlook on behalf of its earnings generation capacity.

Technical patterns are encouraging as the USD 149.4 support is being tested at present. Thus the stock is close to begin an upturn in order to reach anytime soon the USD 159.4 resistance. Moreover, the equity became oversold which left investors an attractive opportunity for buying at lower levels and consequently benefit from its climbing process.

For reasons above exposed, the timing seems suitable for long position taking at current prices. The bullish trend should allow the security to reach the USD 159.4 resistance which represents our main target. A stop loss will be placed below the support line at USD 146.3.