Grainger is a company engaged in the business of property trading, investment, development and management. It shows a well-oriented technical pattern since half 2012.

Stock sales are expected to grow by 37% for this year. Rising EPS revisions evinces a positive overview from analysts on this stock (more than double for the last 12 months). Analyst’s consensus for an 18-months historical data suggests a buyer position. With a P/E ratio of 17.8 times benefits for the current fiscal year, the equity seems still attractive for a short term position.

Technically, the stock should continue on its bullish channel which has been tested several times in top and bottom lines. In the short term it implies a climbing near the target (GBp 260) and even better over it in the midterm. The positive direction is supported by all moving averages orientation on daily data and was confirmed by the break of the pivot point (GBp 230.8) in the recent sessions.

This technical scenario tied to strong fundamentals for the company allows most active investors to take a long position in the price range GBp 230-240. The target price is fixed at GBp 260 for a stop loss fixed below GBp 230.