Gentherm is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company’s fundamentals are still strong. Sales are expected to increase by 18.2% this year at USD 782 millions. Analysts from Thomson Reuters consensus have largely revised upward their sales and EPS estimates. 2014 EPS should stand at USD 1.61 from only USD 0.94 last year.
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 USD 51.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position on the current price, in order to benefit from this strong bullish trend. The target price will be USD 51. A stop loss will be placed under the USD 42.57 short term support, threshold that would invalidate this trading strategy.
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 
