Jupiter Fund Management PLC : GBp 435 resistance as line of sight

02/14/2013 | 04:33am Opinion : Bullish above 347.4 GBp Target price : 435 GBp Stop loss: 320.1 GBp

LONDON STOCK EXCHANGE Investment Services

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging.

Technical patterns are in the green: prices are up for several months. The trend should continue in the coming trading sessions. The 20-day moving average should help to reach the GBp 435 long term resistance.

Investors could take a long position at the current price to target the GBp 435 long-term resistance. A stop loss should be placed below GBp 325.4.

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