The USD 80, corresponding to the trendline, is in line of sight.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.95 by the Thomson Reuters consensus for this year. Analysts revised upward EPS estimates for this year and that let see a great potential for the security on the stock market. Moreover, revenues are expected to grow year after year.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly and daily data, the 20-period moving average helps the stock to keep its uptrend.

According to both technical and fundamental elements, it seems opportune to take a long position at the breakout of the USD 73.25. The bullish trend should allow the security to reach the trendline, around USD 80. A stop loss will be placed under the entry point to avoid a downtrend.