Oxford Instruments produces advanced instrumentation equipment. The Company's products are used for scientific research, chemical analysis, patient monitoring, semiconductor processing, and diagnostic imaging. Oxford conducts manufacturing operations in the United Kingdom and the United States.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by +9.2% on the current year, with a net margin of 24.8 M GBP. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the health of the company.

Graphically, the security is up 31% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the GBp 1310 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term.

Exceeding the technical line at GBp 1310 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of mid-term resistance, and then GBp 1600 upper side of bullish channel. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below GBp 1188 and so this strategy would be invalidated.