Good fundamentals and a bullish trend are in favor a of a long strategy.

The firm has an excellent Surperformance© rating that emphasize the business predictability and the quality of financial releases. Forecasts are encouraging, EBITDA and net income should display a 2 digits growth in 2015.

Technically, the stock has been in a bullish trend for many months. Nevertheless, a contact on the EUR 58.9 resistance brought the share back on its lower trend line. This threshold and the support of the rising 50-day moving average, should launch a surge toward the EUR 58.9 area.

Consequently, investors may open a long position at current prices and target the short term resistances (EUR 58.9). A stop loss order should be set at EUR 54.2.