Jacobs Engineering Group could regain its upward trend after having run out of steam.

The group enjoys upward revisions in earnings per share over the year. Growth perspectives are important thanks to the recovery of the building sector.

Jacobs Engineering Group is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Jacobs Engineering. The objectives will be set at USD 63.75. The stop loss will be triggered below the USD 59.75 support.