EVRAZ is in downward trend and there are no technical levels allowing it to rebound.

The fundamental situation of the company remains fragile. Currently, the company is trading 0.64 times its sales, showing distrust of investors on this security. In fact, the gradual downward revisions on EPS confirms the difficulties. The company is not profitable and this situation is expected to continue in the coming years.

From a technical viewpoint, prices are in a downward trend and the support at GBp 79.3 has just been crossed. Moving averages are downward oriented and put pressure on the stock, which confirms this downward momentum. This trend may continue toward the GBp 72.

Therefore, we could take a short position to benefit from the downward trend. The security could quickly go toward the next target located at GBp 72. A stop loss will be placed above the GBp 79.3.