Drax Group is in a strong bullish trend and could come back on old tops.

The economic and financial situation of the company is still strong. Debt is decreasing rapidly and the leverage is reducing at -1.04. The good valuation of the share underline the high level of investors' confidence.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helped the stock to keep its uptrend. Now, the breakout of the trendline should help prices to reach the 2008 old "tops" at GBp 856.

In consequence, investors can take a long position in Drax Group with a first target price at GBp 856. A new bullish fluctuation could lead the security toward new tops in case of breakout of this resistance. A stop loss will be set under the short term pivot point at GBp 788.