Drax Group could reach its GBp 718 resistance.

The economic and financial situation of the company is still strong. The group has a positive treasury for this year, sign of a healthy situation. Moreover analysts have largely revised upward their EPS estimates for 2013 and 2014.

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 helps the stock to keep its uptrend.

Given these elements, most active investors could take a buying position at current price. The target price is GBp 718 resistance. A stop loss is placed below the GBp 686 support, threshold that would invalidate the bullish strategy.