ALRM, TIME TO BUY?

Hello fellow traders and investors, here's another trade idea.
ALRM has recently pulled back to the bottom of the ascending channel, if ALRM makes a recovery to the previous high it offers a 23% ROI.

Technicals:
The Macd indicates that it's oversold and now in an uptrend

When To Buy:
Now

When To Sell:
I recommend selling at it's previous high

Fundamentals: ALRM engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. They have a P/E of 57, a debt/equity of 0.24, a sales growth Q/Q of 18%, an EPS growth Q/Q of 19%, a profit margin of 12.60% and a short float of 6.85%.

Rating: 80/100 the technicals are pretty good and so are the fundamentals except for the P/E of 57 which is quite expensive.

I hope you enjoyed this quick analysis and many more to come.
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Thanks.