J D Wetherspoon could regain its upward trend after having run out of steam.

The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at GBP 1,200 million against GBP 1,072 million for the previous year.

Following a bullish wave, the stock now shows a slight decline that should lead towards its GBp 495 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy J D Wetherspoon. The objectives will be set at GBp 523.5 and by extension GBp 548.5. The stop loss will be triggered below the GBp 495 support.