The USD 60 resistance is in line of sight.

Concerning fundamental elements, upward revisions of EPS estimates for 2013 and 2014 are showing the confidence of analysts in the company.
Current economic and financial situation of the company is still strong.

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 56.4 short term support and the 20-day moving average. This trend should allow the stock to reach its USD 60 mid term resistance, which will be the first target price.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the USD 60 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the USD 56.4 short term support to avoid a downtrend.