Goodyear still has an uptrend and is going toward its highest level.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term. In addition, drop in oil and rubber prices is a great opportunity for this industry.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend. The 50-day one may soon be a stepping stone for a rebound.

According to both technical and fundamental elements, it seems opportune to open a long position at current prices. The bullish trend should allow the security to reach the USD 32 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 30.5 short term support to avoid a downtrend.