In the past few sessions, Xchanging stock has suffered from a sharp fall and is now coming back to significant level support.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2012 and 2013. The consensus is optimistic on the stock, with a major "buy" rating and a target price around 214 GBp, opening a 40% potential.

Xchanging is oversold near to the GBp 147.5. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next GBp 147.5 resistance.

Considering technical and fundamental elements, it would be an opportunity to open a long position in Xchanging near to the GBp 147.5 support area. A first target price will be the GBp 160 (20-day moving average) and then the resistance at GBp 166.5. A stop loss order will be placed under the mid-term support.