Morgan Advanced Materials could regain its upward trend after having run out of steam.

There is still an upward potential to reach the consensus average target price. Moreover, in regard of the P/E ratio the company seems under-valued in comparison with its peers. In addition, the stock offer a yield beyond 3%.

Following a bullish run, the stock successfully tested the GBp 355.1 resistance that led it toward the GBp 325 midterm support. This support area with the help of the rising 100-day MA could re-boost buyers flows, which would enable an upturn in the medium and long term.

Consequently, investors may buy the share at current prices and target the GBp 355 level. A stop loss order should be triggered at GBp 316.