In the past few sessions, B&M European Value Retail shares have suffered from a sharp fall and is now coming back to significant support level.

According to Surperformance ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better than expected financial statements as in 2014 and the enterprise valuation conciliates with its visibility.

Technically, the security fell sharply for trading sessions. This fall has lead B&M European Value Retail towards the GBp 305.7 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend are the GBp 322.4 and GBp 335.5 resistances. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in B&M European Value Retail.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy B&M European Value Retail with a good timing. The potential gain is around 10% for the main goal. Investors might place a stop-loss order at GBp 296.5 in order to avoid important losses.