Marston's share price was heavily penalized and is now in an oversold situation near to a solid support area.
From a fundamental viewpoint, the security is cheap with a P/E Ratio of 9.8x for 2016 and 9.3x for 2017.
Besides, EV/Sales is low with a ratio at 2.23x for this year.
Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the GBp 130 area. Marston's should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards GBp 143.3.
Thanks to the technical pattern and Marston's strong fundamentals, active investors can open long positions above GBp 130. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goal will be fixed at GBp 143.3.
However, a bearish trend would regain the upper hand if the security crosses GBp 130.