Halma comes back upon contact with important technical level that might give impetus to a rebound.

The entreprise has shown a regular growth during several previous years. Futhermore the company is expected to continue on this dynamic. Indeed, the turnover is expect to grow by 6% between 2014 and 2015. Moreover, the EPS is expected to grow between 2015 and 2016 in spite of a little decrease expected for 2015.

The area of the upward trend line support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short resistances at GBp 600 and then, GBp 618.

As a result, active investors can take immediately a long position in Halma thanks to technical rebound on the GBp 574 support area and the trend line support. The first target price is GBp 600 and in case of breakout of this level, the second target price would be GBp 618.5. If there is a breakdown of the trendline, investors should close their positions.