James Fisher & Sons continues its bullish trend in order to test new highest level.

The company shows strong fundamentals. Firstly, the high valuation of the group underline a great investors confidence in it because there are willing to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend. The contact with GBp 1260 didn't initiated any take profit and that shows a strong bullish consensus on the stock.

Thanks to these good indicators, it seems relevant to take a long position in James Fisher & Sons on the breakout of GBp 1260.00. The target price will be the GBp 1365 (swing effect). A stop loss will be set under the GBp 1225.