The upward trend could spur ASM International in coming sessions thanks to the daily support of EUR 28.3.

Fundamentals confirm the health of the stock as analysts’ revisions are gradually higher concerning earnings per share for 2014 and 2015. Moreover, analysts are confidents on the stock as shown by the unanimous buy opinion and a target price 20% higher than the current prices.

ASM International shows a bullish configuration in the medium and long term. In weekly data, moving averages are well-oriented. The current pattern shows a return on an important daily support that should help for a rebound of the stock. In this configuration the main goal will be fixed at EUR 30 in the short term.

Consequently, investors should buy the stock near the EUR 28.3 targeting a return to EUR 30. A stop-loss order will be placed above at EUR 27.8.