The USD 69 resistance is in line of sight.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market. For 2013, the acquisition of Grupo modelo has an important impact on the group EPS and revenues.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 69 long term resistance.

In fact, investors could buy the share in order to reach the USD 69 resistance with a stop-loss below USD 61.95 pivot point.