Bodycote could exceed the symbolic threshold of GBp 685 in order to reach new highs.
Regarding the fundamentals, we note some growth perspective for the groupe in the next fiscal years. Moreover, the EPS have been revised upward several times, gives argument to the share to continue its bullish movement.
From a technical viewpoint, prices are well oriented in a bullish trend on different time scales. This positive trend is expected to go toward GBp 685 which the breakout will give the buy signal.
Given these elements, most active investors could take a buying position above the GBp 685 resistance in order to reach the GBP 750, corresponding to the bullish trend line. A stop loss is placed below the GBp 659.5 pivot point, threshold that would invalidate the bullish strategy.
Bodycote plc is a provider of heat treatment and thermal processing services. The Company's segments include Aerospace, Defense & Energy (ADE) and Automotive & General Industrial (AGI) business areas, which include ADE- Western Europe; ADE- North America; ADE-Emerging Markets; AGI-Western Europe; AGI-North America, and AGI-Emerging Markets. Its heat treatment processes include case hardening, tempering, solution and aging treatment, specialty stainless steel processes (S3P), annealing and normalizing. Its metal joining includes specialized processes such as electron beam welding, vacuum welding and honeycomb brazing. The Companyâs surface technology products and services range from coating services, coating and application development, specialist coating sealing technologies, complete manufacture, and the supply of coating materials and technology transfer. The hot isostatic pressing (HIP) services include Powdermet technologies, isostatic pressing services and HIP supporting services.
BODYCOTE PLC 
