Carphone Warehouse should continue its bullish trend in order to come back on the annual high.

The economic and financial situation of the company is strong and analyst are positive on the stock. In fact, estimated sales from Thomson Reuters consensus are encouraging and EPS revisions show a positive trend on the previous months.

Technical patterns are in the green and prices are up for several months. The movement should continue in the coming trading sessions helped by the 20-day moving average. The GBp 352 long term resistance is the next target in line of sight.

Thus, investors could open a long position at the current price to target GBp 352. A stop loss should be placed bellow the 20-day moving average at GBp 327.