After a technical rebound, the stock is showing signs of weaknesses near to the USD 156.35 resistance.

From a fundamental viewpoint, the company shows great financials but seems overvalued compared to its peers. In facts, the EV/Sales ratio for this year is 1.90 and the company is currently paid 30 and 25 times its estimated EPS as suggested by its P/E ratios. Moreover, some analysts recently downgraded their opinion on the stock.

Graphically, the stock went through a period of rebound in recent sessions towards the USD 156.35 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the USD 146.50 support area which will be a bearish objective.

Therefore, the most offensive investor can benefit from the technical configuration to take a short position. The objective will be fixed near to the USD 146.5 support. Only the breakdown of this level would open up new bearish targets toward USD 139.9. The stop loss will be set above USD 156.4.