The international equipment company offers an interesting entry level.

Ashtead Group fundamentals are highlighted by its Surperformance ratings. The company’s sales are in a strong growth pattern. Thus, 2014 revenues are expected to rise of 20% compared to 2013 ones. The group’s activities have burst as those previsions represent twice the sales made in 2010. Moreover, this dynamics is supported by analysts revising upward their revenue and EPS estimates for the coming years. Furthermore, Ashtead has largely improved its net margin and offers an interesting profitability level. Even if the financial situation is still complicated, it has been significantly improved, from a 3.25 leverage in 2010 to a 1.65 one expected this year. Finally, the company is supported by a strong buy consensus and offers a great potential considering the average target price.

From a technical viewpoint, the stock is in a strong bullish trend supported by well-oriented weekly data moving averages. The last bearish movement as thrown the equity back to the bottom of its rising channel. This represents an interesting level to aim a rebound toward GBp 983.

Therefore, active investors could take a long position at the current price. The target will then be GBp 983. A stop loss will be place under the entry points in case of a bearish overflow of this rising wedge.