We anticipate a reversal due to the short term support and the bullish trend line.

Since February, EPS estimates for 2013 from Thomson Reuters analysts have been revised upward by 10%. Concerning the group's revenues, the situation is similar with a progression of 5%.

Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the GBp 933/950 and therefore does not affect the upward trend in the medium and long term. Short term support and the bullish trend line currently tested gives argument for a reversal.

Investor should watch the security close to GBp 933 to take advantage of a new upward acceleration in the direction of GBp 1025. A stop loss is placed under GBp 920.