Take advantage of the bullish trend as shares of the project manager upturn.

According to financials, the company increased its participation in the energy sector of 20% during the last financial year. The company is set for a positive year, with an EBITDA that should come to £136 million and a higher EPS of £0.91. In fact, rising EPS revisions made during the last twelve months evinces a positive overview from analysts on Atkins (+16% for the current period and +12% for the upcoming one). Likewise, strong business predictability and “Surperformance” trading rating helps on backing a positive feedback. The low valuation in terms of P/E ratio lures investors toward the stock.

The equity shows a bullish configuration in the medium and long term. In weekly data, moving averages are well-oriented sustaining the rally. The timing is perfect for a position taking on Atkins as a cheaper entry point has been set. However, prices could fall close to the GBp 1345 support line ahead to the supported upswing.

Dropping prices could be considered on the GBp 1345/1400 range, it would represent an interesting level for buyers, hence targeting the GBp 1502 midterm resistance. A stop loss will be fixed below the entry point at GBp 1296.