Both fundamentals and technical argue for the upward movement continuity.

Fundamentals show great growth potential on Ashtead Group joined to a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. The group did an excellent year as its EPS has increased by 68%. The progression should continue as shown by the Thomson-Reuters consensus, expected a new EPS rise between 2014 and 2015 from 45.8 to 56.9.

Regarding the technical analysis, the price evolve in an upward trend represented by a strong upward canal which should lead to the long term movement continuity. Moreover, the price has recently brokeout an important resistance a GBp 975, that's why 4-traders analysts are confident for a new rise toward recent highs at GBp 1055.

Dynamic investors should take an immediate long position on Ashtead Group in order to reach the target established at Gbp 1059. A stop loss has to be placed under the recent resistance which became our new support at GBp 975.