Plexus continues its bullish rally to test new highs.

From a fundamental viewpoint, the group is in a good financial situation. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.

Technically, prices continue to increase sharply for several months. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 40.5 and seems able to breakout soon. This crossing would provide a strong buy signal in order to reach the trend line at USD 43.

Taking into account all these elements, investors could buy the stock at the current price. The target price is set above the USD 40.5 mid-term resistance. A stop loss will be fixed below the USD 39, corresponding to the 20-day moving average.