Optimal Payments is trading in a bullish trend and should reach its GBp 510 resistance level in the coming days.

Fundamentals on the company are strong. The company enjoys significant growth perspectives and an interesting profitability. Sales are expected to rise by 37% this year, reaching $347 millions for a net margin of 14.4%. Moreover, analysts have largely increased their revenues and EPS estimates. The consensus is unanimously buyer and an interesting potential considering the average target price.

Graphically, the stock is trading in a bullish trend supported by increasing moving averages. This trend should carry the stock to GBp 510 resistance level, corresponding to highest prices of the year.

Therefore, a long position could be taken at the current price with a target set at GBp 510. However a stop loss will protect this strategy under the entry point in case of a bearish reversal.