According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2013 and the enterprise valuation conciliates with its visibility.

Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend should be stopped upon contact with the GBp 411.4 area. Vesuvius should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards the GBp 442.3 resistance.

Considering technical elements, it seems to be an appropriate timing to immediately open a long position in Vesuvius in order to benefit from the GBp 411.4 support area. A first target price will be the GBp 442.3 resistance, ie a potential of around 7%. A stop loss order will be placed under the mid-term support currently tested. Only a crossing of GBp 442.3 would validate a bullish trend in order to aim for a higher target price.