Howden Joinery Group is still well oriented and is going to new highs.

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

The security is in an upward trend for several months. A running out of steam is occurred with the contact of GBp 408.8 which is the highest recorded by this stock. Now shares are testing the short term support wich could allow a technical rebound toward the GBp 408.8 resistance.

Therefore, investors will benefit from the signal given by the short term support area in order to target the next resistance. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.