Moneysupermarket.Com Group is likely to achieve a pull back before continuing its upward trend.

The stock price is 9.1% higher than the average target price set by analysts, which is likely to lead to some profit taking.

Technically, since several months, the stock has initiated a sharp bullish trend. Prices are now on contact with the GBp 273.7 resistance, which is likely to stop bullish fluctuations and entail a pull back towards the GBp 253.4 pivot point.

Investors could take a short position in order to target a return on GBp 253.4, protecting the strategy above the GBp 273.7 resistance.