The share Halma is still well oriented and is going to new highs.

From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

The security is in an upward trend for several months. A running out of steam is occurred with the contact of GBp 460 which is the highest recorded by this share. This movement is supported by the 20-day moving average and may stop any bearish inclinations. Exceeding the GBp 460 resistance will indicate a buy signal with a target price in the area of GBp 500.

Given these elements, most active investors could take a buy position and aim to cross the GBp 460 resistance for a new bullish signal. A stop loss is placed below the GBp 443.3 short term support, threshold that would invalidate the bullish strategy.