Allied World Assurance has still an uptrend and is going toward its highest level.

The company’s fundamentals are still strong. Sales are up 11.4% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at USD 13.3.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 87.25 short term support. This trend should allow the stock to reach the USD 95 level.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price to target the USD 95 area. A stop loss will be set under the USD 87.25 short term support, threshold that would invalidate this trading strategy.