Schroders has still an uptrend and is going toward its highest level.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. Moreover, the company has a lot of cash ($2.5 billion in 2012 ; $2.8 billion estimated in 2015). Eventually, sales are expected to increase by 17.8% this year.

Technically, the security is in an uptrend on all time scales and are supported by the well orientation of moving averages. Prices have just broken out a bullish trend line, and may form in the coming trading sessions a pull-back on it around GBp 2500. Thanks to the 20-day moving average, combined with the support of the trend line, the stock may bounce towards GBp 2700.

Thanks to these good indicators, it seems relevant to take a long position in Schroders in case of a pull-back on the trend line around GBp 2500. The target price is GBp 2700. A stop loss will be fixed under the trend line because a breakdown of this level would damage technical pattern.