Intertek Group could exceed the symbolic threshold of GBp 3219.
From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by 18.1% on the current year, with a net margin of 8.64%.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward GBp 3219 and would give a strong buying signal if the crossing is confirmed in daily closing.
Exceeding the technical line at GBp 3219 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of GBp 3540. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below GBp 3130 and so this strategy would be invalidated.
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