Jupiter Fund Management could reach its GBp 468 resistance.

The company’s fundamentals remain strong. Sales are expected to increase by +4.5% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates over the last 6 months.

From a technical viewpoint, the security is trading in a bullish trend in all horizon. Increasing moving averages let think there will be no reversal in the coming trading sessions, moreover the 50-day rising one should help the stock to come back on its recent highs (USD 469.8).

Therefore, taking into account the strong fundamentals and technical patterns, a long position will be privileged. The first target price is the GBp 470 resistance. A stop loss will be placed under the GBp 443.5 short term support, threshold that would invalidate this trading strategy.