The technical rebound of Aegion Corp should be stopped in the coming trading sessions.

Compared to its fundamentals and its peers, the company seems overvalued. It has a 0.76x EV/Sales ratio and the security is currently trading 17.61 EPS. Moreover, for the past 6 months, its downward revision by analysts means to be really careful for the next release.

Graphically, the security is trading in a bearish trend. In the short-term, the stock has rebounded on the USD 20.34 support area toward its mid-term resistance. This rebound seems technical and is not likely to continue. Indeed, moving averages in the long-term are still in a downtrend and that argue for a continuation of the decrease in prices.

Thanks to financial information above-mentionned, investors can take a short position in Aegion Corp. The target price is USD 20.34 (mid-term support). This strategy would be invalidated if the security crosses the USD 22.24 resistance.