SEGRO reaches a level of resistance. This level could contain the upward trend in the short term.

From a fundamental viewpoint, the company has been downgraded by analyst in term of future earnings.

Graphically, the stock went through a period of rebound in recent sessions towards the GBp 442.1 medium-term resistance. The share should consolidate near this area. It could act as a stopping point of the upward movement. This scenario suggests a return to the GBp 421 support area which will be a bearish objective.

The graphical configuration argues to establish a short trade at current prices. The end of the technical rebound, the consolidation phase and overbought situation: SEGRO has all the characteristics for a short selling.
The first objective will be fixed near the GBp 421 short-term support and by extension the GBp 415 area (trendline). This strategy should be protected by a stop loss at GBp 445.6.