The famous British pub chain, Wetherspoon's, is still well oriented and could rapidly reach its historical level of 2007.

From a fundamental viewpoint, the company is still attractive for investors despite the recent rally recorded of the stock, which represents a performance of +25% since the 1st January of this year. Indeed, the "enterprise value/revenue" ratio is estimated at 1.04x for 2013 and 0.98x for 2014. The P/E ratio is also moderate at 15.4x for this year. We could also point out the recent target price upgrade by analysts following the security, which means a better business predictability and profit improvement.

Technically, indicators shows bullish configuration in all time scale, as shown by the well-orientation of daily moving averages. Prices have just exceed the GBp 666 resistance area, tested three times in the past without success ans are now evolving toward the GBp 720 bullish trend line. The 20-day moving average in support, would be able to invalidate a bearish reversal in the short term.

Therefore, a bullish strategy could be set up at the current price, since the GBp 666 resistance has recently been surpassed, to aim the GBp 720 bullish trend line level. A stop loss order will be fixed under the short term resistance, near the 20-day moving average.