Indicators argue for a technical correction after the last bullish movement recorded in past sessions.

EPS estimates are decreasing since march 2013 : the upside potential is limited.

From a technical viewpoint, the proximity of the USD 61.5 medium-term resistance limits the upside potential on the stock. The uptrend in the short term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators also show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.

In contact with the USD 61.5 resistance, a movement of consolidation could return the stock towards the USD 57.7 mid-term support. As a result, the most aggressive investors could take a short position near USD 61.5 but they need to set a stop loss above this resistance because the crossing of this level would invalidate our scenario.