The upward trend could spur Pace in coming sessions.

The group has strong fundamentals which are brought to light by its Surperformance ratings. After an important sales growth, the company is improving its profitability. Net margin is rising, +130% since 2011, and analyst expect it to reach 6% at the end of 2015, +50% compared to 2013 one. Moreover, analyst from Thomson Reuters have revised upward both revenue and EPS estimations for the two coming years. Finally, the stock is supported by a strong buy consensus and a great potential considering the average target price.

Pace is in an uptrend in the medium and long term, although, the last bearish movement had thrown it back, near a major support level at GBp 366. This level could enable the equity to rebound towards GBp 427 and help the bullish movement to resume.

Therefore, taking into accounts fundamentals and technical patterns, investors could take a buyer position at the current prices to profit of an interesting entry point. The target will then be set at GBp 427. A stop loss will be placed under the level currently tested in case of a more important correction phase.