The upward trendline which act as support is currently tested, and should allow WESCO International to rally again.
From a fundamental viewpoint, sales are estimated in perpetual growth for the next 2 years. As much as group's margins are well established, EPS are also expected to improve between 2013 and 2014 according to analysts.
Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average shows. Nevertheless, the stock seems being oversold, near to its long term upward trendline support in daily data and weekly data. This level might stop the short term slumping.
Thanks to the technical pattern on WESCO International, active investors can take an immediate long position. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. Target will be fixed at USD 78.2. However, a bearish trend would regain the upper hand if the security crosses the USD 71.2 support area.
WESCO International, Inc. is a provider of business-to-business distribution, logistics services and supply chain solutions. The Companyâs segments include Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). The ESS segment supplies a range of products and solutions primarily to the construction, industrial and original equipment manufacturer (OEM) markets. The product portfolio in this business includes a broad range of electrical equipment and supplies, automation and connected devices (the Internet of Things), security, lighting, wire and cable, safety, and maintenance, repair and operating (MRO) products. The CSS segment is engaged in the network infrastructure and security markets. The UBS segment provides products and services to investor-owned utilities, public power companies, including municipalities, as well as global service providers, wireless providers, and broadband operators, among others.
WESCO INTERNATIONAL, INC. 
