The security has still an upward potential.

Fundamentally, Thomson Reuters’ EPS estimates were upward revised over the past 12 months. The operating income is expected to increase of 12% for the 2015 period. Moreover, the share offers a good yield, near 5%.

Technically, we note that the sophisticated machinery and composite materials manufacturer’s equity has undertaken a breathing stage close to the CHF 830.50 pivot point, after an upward gap. Furthermore, moving averages are rightly oriented in weekly data as well as in daily data. The happening of the recent gap militates in favor of a new momentum for the stock.

Investors could open a long position at current prices and target the CHF 865.7 threshold as a first goal. A stop loss will be set under the CHF 830.5 pivot point.