Brown-Forman could regain its upward trend after having run out of steam.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and margins. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of USD 2.66 per share for the current year.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the USD 61.04 support. Therefore, a technical rebound will fix an objective near the USD 67.15 short-term resistance.

A decline seems possible on the USD 61.05 area. It could be a basis for a purchase to target USD 67.15. A stop loss will be fixed below the entry point to limit the risk.