Howden Joinery Group could reach its GBp 429.8 resistance.

The company’s fundamentals are still strong. Sales should be up +13.5% this year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at GBp 15.5 and is now expected at GBp 22.2 for the current year.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In hourly data, 20-hour moving average helps the stock to keep its uptrend.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the GBp 429.8 resistance. If the stock crosses it, a new target price will be set. A stop loss will be placed under the GBp 407.1 short term support to avoid a downtrend.