In the past few sessions, Genel Energy share fell sharply and has came back to a significant support level.

The company’s fundamentals are healthy. Sales are expected to increase of 160% by 2015. Moreover, the group shows a very high profitability profile with a net margin of 53.3% in 2013. Furthermore, Thomson-Reuters analysts have revised upward their EPS revision with a YoY progression of 50% concerning 2015 EPS. Finally, the stock is supported by a strong buy consensus and offers a good potential considering the average target price of analysts.

From a technical viewpoint, the security follows a long term upward trend, but in the last trading sessions, a downward movement has brought the stock near an interesting entry level. The stock could soon resume its bullish trend and reach its GBp 1044 resistance.

Therefore, active investors could take a long position at the current price. The target will then be the GBp 1044 level. A stop loss will be place under the entry points, protecting from a more important consolidation phase.