Michael Page International shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, Michael Page International seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 1.08 times its revenues.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 372 area should stop this trend and allow a technical rebound towards GBp 386.1 and GBp 406. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

So as to make the most of a potential technical rebound of Michael Page International, it seems a good timing to open a long trade at current prices. A confirmation of this pattern would enable the security to reach the GBp 406.3 resistance. Investors should not insist under GBp 372 and are better of placing a stop-loss order under this threshold.