The Rolls-Royce' stock may break out soon a resistance level to reach its annual highs, in the coming trading sessions.

The company enjoys upward revision in earnings per share estimates for the next year. Moreover, sales are expected to grow by more than 25% in 2013. To finish, the financial situation is healthy with a net treasury of 1.3 billion last year.

Technically, the stock has consolidated upon contact with the GBp 1225 resistance, before to use the GBp 1113 short term support and the 100-day moving average as a stepping stone to sharply bounce. Now the security is well oriented to break out the GBp 1163 short term resistance and the 20 and 50-day moving average. In this case, prices would get a new impetus to reach the GBp 1225 resistance.

Consequently, it seems opportune to take a long position above GBp 1163 in order to aim GBp 1225. A stop loss must be placed below GBp 1163.