USG Corporation could reach its USD 35.8 resistance in the coming sessions helped by financial data and the technical configuration.

The economic and financial situation of the company is strong and the previous earning release (Q4) has positively surprised the market. After some difficulties in the previous years, the group achieved a recovery and take advantage of optimistic forecasts for the coming fiscal years. Thus, earnings are expected to be multiplied by 5 in 2014. Estimated sales from Thomson Reuters consensus are also encouraging.

Technical patterns are in the green and prices are up for several months. The movement should recover in the coming trading sessions thanks to the proximity of the pertinent support. The 50-day moving average should also help to reach the USD 35.8 long term resistance.

In this configuration, investor could open a long position close to USD 32 in order to target USD 35.8. A stop loss will be placed at USD 30.7.