Gentherm continues its bullish trend in order to test new highest level.
The company’s fundamentals are still strong. Sales are estimated to grow by more than 20% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates (from USD 1 one year ago to USD 1.8).
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 45.15 short term support. Investors are waiting for the breakout of the USD 50.5, which gives a new upward signal. The target is fixed around USD 55.75, computed by the swing effect of the USD 45.15/50.45.
For reasons above exposed, investors could benefit from the upward trend on Gentherm by opening long positions above USD 50.5. A first target could be set at the USD 55.75. The return under the entry point would invalidate the upward scenario and trigger the stop-loss order.
Gentherm Incorporated is a provider of thermal management and pneumatic comfort technologies for the automotive industry and medical industries. The Company operates through two segments: Automotive and Medical. The Automotive segment represents the design, development, manufacturing and sales of automotive climate comfort systems, automotive cable systems, battery performance solutions, and automotive electronic and software systems. Its automotive electronic and software systems include electronic control units for climate comfort systems, electronic control units. Its climate comfort systems include seat heaters, blowers, and thermoelectric devices. The Medical segment is comprised of the results from the patient temperature management business in the medical industry. The Patient temperature management includes temperature management systems across multiple product categories addressing the needs of hyper-hypothermia therapy in intensive care, normothermia in surgical procedures.
GENTHERM INCORPORATED 
