Jupiter Fund Management could reach its GBp 361.1 resistance.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the trend is bullish in the medium and long term. However, the stock is consolidating in the short term and is blocked below the 343.8 resistance. The 20, 50 and 100-day moving averages are coming in support and may help the security to break out the GBp 343.8 resistance and comeback to GBp 361.1.

Thanks to these good indicators, it seems relevant to take a long position in Jupiter Fund Management in case of a breakout of the GBp 343.8 resistance, confirmed in daily closing price. The target price is the GBp 361.1 resistance. A stop loss will be fixed under the effective entry point.