The GBp 727 support, currently tested, should allow CVS Group to rally again.

According to Surperformance© ratings, the stock offers an opportunity for a trading strategy. Brokers have lately revised upward their revenues estimates and count on EPS of 11.3 GBp for this year.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 727 area should stop this trend and allow a technical rebound towards GBp 767.5.
Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

In order to benefit from the lower band of the trading range, investors should buy the stock with the GBp 767.5 as a target. The stop-loss will be fixed at GBp 722.