The company’s fundamentals are still strong. Sales are up + 5% for one year. Analysts from Thomson Reuters consensus have revised largely upward (+10%) their EPS estimates for the last 3 months.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 145 mid term resistance.

According to both technical and fundamental elements, it seems opportune to take a long position above GBp 130. The bullish trend should allow the security to reach the GBp 145 resistance. A stop loss will be placed under the GBp 124.2 pivot point to avoid a downtrend.