The area of USD 49.5 might facilitate a technical rebound. Danaher Corporation shows relatively strong fundamentals and is coming back to attractive price.

According to Surperformance rating, the company is an opportunity in a trading strategy. Indeed, it is a good compromise between its value and its visibility.

Technically, the security is on a trading range in the short term with the 20-day moving averages showing a neutral situation. The stock seems in oversold situation, near its USD 49.5 support in daily data. This level might stop the bearish trend in the short term and could help to be back at USD 51.2 and then USD 52.65.

Thanks to the technical pattern and Danaher's fundamentals, active investors can take a long position above USD 49.5. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The main goal will be fixed at USD 52.65. However, a bearish trend would regain the upper hand if the security crosses USD 49.