Howden Joinery is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

Over the last year the Thomson Reuters consensus has regularly revised upward EPS estimates of the company for 2015 and 2016. The great business predictability emphasizes the quality of this investment in the mid-term. The stock has a potential of +12% to meet the high analysts' target price.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. It has lately came out of a bullish channel through the top. This trend will not be stopped as long as prices stay above the GBp 436.7 short term support. This trend should allow the stock to reach a first target of GBp 486.90.

In consequence, investors can take a long position in Howden Joinery on the current price with a stop loss set under the threshold of GBp 463.9.