The approach of the GBp 313.5 resistance could renew the bearish movement.

Fundamentals on Devro remain extremely volatile. The company is worth 32.9 times the estimated earnings. The valuation level of the group isn't justified. Moreover, the company's market capitalization discounted of liabilities represents almost 2.69 times its sales. Then, analysts revised downwards the EPS of the group and that announces important falls to come in terms of profitability and a slowdown in their activity.

Technically, Devro has reach its mid and long term resistance, level that can stop any bullish acceleration. A reversal movement could lead prices toward the short term support at GBp 299 and then GBp 289 pivot point.

Most active investors could open short positions on Devro close to GBp 313.5. The target being set at GBp 289, or a potential gain of 7%. A stop loss must be placed at GBp 318.