WS Atkins continues its bullish trend in order to test new highest level.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 0.73 by the Thomson Reuters consensus for this year. 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 security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the GBp 1261 short term support. This trend should allow the stock to reach its GBp 1344 long term resistance, which will be the first target price. The crossing of this level will open new tops.

In this context, it seems opportune to buy the security on the support at GBp 1261. A rebound toward the GBp 1344 resistance will be the first target. In case of a continuation of the consolidation, the position must be protected with a stop loss under the GBp 1261 support.