In the past few sessions, Lindsay Corporation shares have suffered from a sharp fall and is now coming back on significant support area.

From a fundamental viewpoint, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.

Lindsay Corporation is oversold near to the USD 73.2 support area. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 82.3 resistance.

The trading strategy can benefit from the proximity of the strong support area in daily and weekly data. The target price is set at USD 82.3. Investors might place a stop loss order below USD 71.1 in order to avoid important losses.