Howden Joinery shows a strong performance for several trading sessions.

From a fundamental viewpoint, the group is in a good financial situation. Sales are expected to increase by + 5.2% on the current year, with a net margin of 10%. The group also has a positive treasury, sign of a healthy situation.

Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The move could be continued, supported by moving averages, and to breakout their historical highs.

Taking into account all these elements, investors could buy the stock above the GBp 296 resistance. The target price is set at GBp 310, corresponding to the bullish trend line. A stop loss will be fixed below the GBp 296 short term support, threshold that would invalidate the strategy.