24.06.2015 - We forecast growth of EPAM Systems shares

The stock price of EPAM Systems continues to grow inside the rising channel, and after the recent correction has resumed growth and has overcome maximum of 72.50 and continued the growth. This fact is the basis for further growth with the target at 80.00. On the other hand, breaking through the bottom of the channel and the support level at 69.75, is the basis for the opening short positions. We recommend to open these positions with a stop below 69.75 and the targets at 80.00, 86,00 and 90,00.

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