Ashtead Group has still an uptrend and is going toward its highest level.
The companys fundamentals are still strong. Sales are up 14% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In daily data, 20-day moving average helps the stock to keep its uptrend.
According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach new highs. The target is set at GBp 515. A stop loss will be placed under the GBp 461.1 short term support to avoid a downtrend.
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Provides equipment rental servicesAshtead Group Plc engages in equipment rental services.It offers a full range of construction and industrial equipment used in lift, power, generate, move, dig, compact, drill, support, scrub, pump, direct, heat, and ventilate.It offers a short-term rental to...