JD Wetherspoon shows relatively strong fundamentals and is coming back to attractive prices.

According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Growth perspectives are good and margins should improve too. Activities are in a good dynamic as analysts keep revising upwardly their revenues estimates.

Technically, the security fell sharply for several weeks. This fall has lead JD Wetherspoon towards the GBp 733 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the GBp 810 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in JD Wetherspoon.

Therefore, a long position could be taken at the current price with a target set at GBp 810. Nevertheless, a stop loss will be placed under the support currently tested.