DCC has still an uptrend and is going toward its highest level.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging and future benefits have been upward revised by analysts.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach the GBp 5305 resistance. Indeed, the consolidation phase (GBp 4940/5305) will help to recover the uptrend.

Thanks to these good indicators, it seems relevant to open a long position in DCC at the current price. The target price is the GBp 5305 resistance. A stop loss will be set under the GBp 4940 short term support because a breakdown of this level would damage technical pattern.