Pace, the english specialist of telecoms, could reach its GBp 300 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.52 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security shows a bullish configuration on all time scales, thanks to the recent breakout of the year highs. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.

In consequence, investors can take a long position in Pace with a first target price at GBp 300. This level is the long term resistance. A new bullish fluctuation could lead the security toward its highest level in case of breakout of this resistance. A stop loss will be set under the short term support at GBp 260.