Dover Corporation, the global manufacturer of specialized industrial products and equipment announced on January 25th its results for Q4 2011. For the fourth quarter ended December 31, 2011, revenue was 2 billion dollars, an increase of 15% over the prior-year period and revenue for the year was 8 billion dollars, an increase of 20% over the prior year.

Organic revenue growth of 6% was driven by broad-based strength in energy, handsets, fluids and industrial end-markets. EPS for the current year is 4.26 dollars, an increase of 26% over an adjusted EPS of 3.38 dollars in the prior period. With results in constant growth, the consensus is confident with an average target price of USD 69.3.

Technically, in daily chart, the stock is in a bullish trend. This trend on middle and long term should protect the share from an important bearish movement. On short term, a withdrawal movement may send back the stock in its bull canal at USD 62.

Consequently, due to the elements exposed previously, we could take a buying position on the security Dover Corporation. The group’s strong fundamentals make it an interesting stock within the framework of an investing strategy to take advantage of a bullish stock market rally. We aimed a short term resistance at USD 65.15 and by extension the USD 69 may be reached. This scenario may be cancelled in case of a drop below USD 60.85, level on which our stop loss will be set off.