Howden Joinery Group could reach the GBp 255 resistance in the coming sessions.

From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

Technically, prices continue to increase sharply for several month. In the mid and long term, indicators are green. The security is now moving toward the GBp 239.8 pivot point, corresponding to the 20-day moving average level, which should help prices to come back again test the GBp 255 resistance. The crossing of this threshold would provide a strong buy signal.

Thus, investors will benefit from a return on GBp 239.8 to target the GBp 255 short and mid term resistance. A stop loss will be fix near the short term support at GBp 231.9.