According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2014 and the enterprise valuation conciliates with its visibility.

Currently the stock is oversold and, in the mid-term, is trading in a bearish trend. In the short term, this trend is reversed upon contact with the GBp 322.1 area. Halfords Group should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards GBp 347.3 and by extension towards GBp 377.7.

Considering technical and fundamental elements, it seems to be an appropriate timing to immediately open a long trade in Halfords Group in order to benefit from the GBp 322.1 support area. A first target price will be the GBp 347.3 resistance, ie a potential of 8%. A stop-loss order will be placed under the mid-term support currently tested. Only a crossing of GBp 347.3 would validate a bullish trend in order to aim a higher target price.