Gibson Energy, one of the largest independent midstream energy companies in Canada and an integrated service provider to the oil and gas industry in the US, shows a great performance for few months.

The economic and financial situation of the company is still strong. Leverage is decreasing rapidly at 1.92x for 2012. EPS have regularly been revised upward by the Thomson Reuters analysts.

Technical patterns are in the green: prices are up for several months. In the coming trading sessions, the security should come back on its short term support at CAD 26 to find a new impetus. A strong bullish volume could appear on this level to push prices towards the CAD 26.9 short term resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to wait for an opportune point entry at CAD 25.95 in order to benefit from the 20 and 50-day moving averages. The first target price is the CAD 26.90 resistance. A stop loss will be fixed under entry point, threshold that would invalidate this trading strategy.