Admiral Group is one of the 1st British automotive insurers. The share, which accounts for an increase of over 25% since the beginning of the year, continued its upward trend with and reconnected with its highs from May 2011 at GBp 1773.

The company's fundamentals remain very strong as suggested by the good Surperformance ratings. For 2015, revenues are estimated at half a billion pounds, up nearly 12%. Analysts following the stock Admiral Group, also revised upward their earnings forecasts for 2015 and 2016.

Technically, the stock shows a bullish configuration on all time scales. The prices are supported by the positive moving averages trend and are currently around the resistance of GBp 1662. In weekly data, well-supported by the 20 periods moving average, the share is in a current bullish momentum.

Investors can therefore open a long position after a breakout of the GBp 1662 resistance. The first objective will be fixed at the weekly resistance of the GBp 1751. By extension, a breakout of the ascending trendline will comfort our scenario in direction of new highs to GBp 1850 (potential gain of 10%). A stop loss is however recommended near the GBp 1600, which would invalidate this bullish strategy.