Hays shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, the security is attractive as suggested by its P/E ratio at 15.6 for 2015 estimates and its EV/Sales ratio at 0.42 for the same period. Moreover, revenue and margins are improving every year. Analysts are confident on the activities as they have raised their sales and EPS since early 2014. Finally, the consensus is buyer with an average target price at GBp 159 offering a 36% on current prices.

Technically, the security is in a negative configuration in the short term as shown by the daily moving averages. Nevertheless, the stock seems in an oversold situation, near to its GBp 116.2 support. This level might stop the bearish trend in the short term and a rebound could launch the stock close to GBp 135.

Therefore, the proximity of the GBp 116.2 support is an opportunity to go long on Hays. The target will be a return on the GBp 135.5 resistance area. A stop loss order can be placed under the support currently tested.