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

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. Forecasts on profits are also optimistic for 2014 and 2015.

Technical patterns are in the green and 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 next target at GBp 392.

In consequence, investors can take a long position in Entertainment One with a first target price at GBp 392. Then, a new bullish fluctuation could lead the security toward GBp 430. A stop loss will be set under the short term pivot point at GBp 355.