Bodycote could regain its upward trend after having run out of steam.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. EPS are often revised upward and the company often release profits better than estimates.

Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the GBp 584 support. Therefore, a technical rebound will fix an objective near the GBp 640 short-term resistance.

A decline seems possible on the GBp 584 area. It could be a basis for a purchase to target GBp 640 and 685 in a second time. A stop loss will be fixed below the entry point to limit the risk.