Inventure Foods is in a strong bullish trend and should come back on USD 13.9 in the short-term.

The company shows strong fundamentals. Firstly, we note a good momentum on sales growth and also an improvement on margins. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security is in an uptrend in all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 12.7 short term support. This trend should allow the stock to reach its USD 13.9 long term resistance, which will be the first target price.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the USD 13.9 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be placed under the USD 12.7 short term, threshold that would invalidate this trading strategy.