Supergroup displays an opportune graphical situation

The British designer and seller of clothing and accessories, well-known for its brands Cult and Superdry, is in very good shape. Its fundamentals are very strong. Indeed, it relies on an excellent financial situation and a steady growth. Its revenue has increased by 250% since 2010. The Reuters Consensus has revised upward its EPS and Revenue estimates for the coming exercise. Moreover, they have all adopted a buying opinion on the stock.

Technically, the stock has followed an amazing bullish trend lately. Indeed, the stock has risen by 60% within 4 months. The bullish trend is highly unlikely to stop, considering both technical and fundamental arguments.
The security has come closer to its long-term GBp 1544 resistance. The breakout of that resistance would constitute a strong buying signal and a significant trading opportunity. Indeed, the stock could reach new highs.

This is why active investors should open long positions in case of a breakout of the GBp 1544 resistance. A first target price will be set at 1625, ie a 5% increase. A stop loss order should be set at GBp 1430 to avoid heavy losses.