Derwent London continues its bullish trend in order to test new highs.

The company’s fundamentals are still strong. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates for the two coming years.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long terms. The stock has breakout its historical highs giving a new impetus for a continuation.
Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 2942, the next resistance in daily data.

In consequence, investors can take a long position in Derwent London with a first target price at GBp 2942. A stop loss will be set under the GBp 2788.