Tullett Prebon is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

From a fundamental viewpoint, the company is strong: the Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 398 short term resistance.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the GBp 398 resistance. A stop loss will be placed under the GBp 377 short term pivot point currently tested to avoid a downtrend.