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, which expected a new EPS rise between 2014 and 2015 from GBp 45.8 to 56.7.

From a technical viewpoint, the price evolve in an upward trend represented by a strong upward channel which should lead to the long term movement continuity. Moreover the price has recently brokeout its pivot point which should argue for an upward movement toward the GBp 1130 area.

Dynamic investors should open a long position on Ashtead Group in order to reach the first target established at Gbp 1130 and then GBp 1185. A stop loss has to be placed under the pivot point at GBp 1057.