Traders should take advantage of a potential rebound.

The security is cheap with a P/E ratio of 10.4x in 2015. Moreover, Thomson Reuters estimates show that it has an important growth potential. EPS are expected to increase by 41% this year. Indeed, analysts covering the stock target on average a 25% appreciation potential.

Graphically, the stock fell slightly upon contact with the upward trendline, and came back on the GBP 432.2 support. This threshold, tested previously, is likely to allow a technical rebound towards the GBp 472.5 pivot point.

Therefore, long positions can be opened on the stock to target GBp 472.5. A stop loss will be placed under the current support.