The current accumulation phase and the attractive valuation are in favor of a further acceleration.

Forecasts are encouraging, sales should go on increasing while EBITDA should keep its large single digit growth. There is a +10% potential for the stock to reach the consensus average price target. Moreover the current P/E ratio is below the industry average.

Technically, the share has been accumulating for 2 months in between the USD 101.5 support and the USD 104.6 resistance. The stock is currently close from the short term support which should allow the security to bounce and even breakthrough the resistance. Consequently, investors may open a long position at current price and firstly target the USD 108 threshold. A stop loss should be set at 101.2.