Paragon Group of Companies continues its bullish trend in order to test new highest level.

The company’s fundamentals are still strong. Sales are up 13.6% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates. The last EPS was at GBp 0.235.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 266.5 long term resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position above the GBp 266.5. Indeed, a breakout of this level will be a strong bullish signal for higher target price. A stop loss will be fixed under the GBp 253.4 short term, threshold that would invalidate this trading strategy.