Playtech continues its bullish trend in order to test new highest levels.

The company shows strong fundamentals as its Surperformance rating underlines. Indeed, it has a great profitability, good finances and attractive growth perspectives. Furthermore, there is a strong buyer consensus whose average target price is displaying a +12% potential. Analysts have largely revised upward their revenue and earnings estimates.

Technical patterns are in the green: prices have been up for several months. Back on a relevant threshold, the share find the support of two rising daily moving average: the 20 and 50 periods one. In addition, weekly moving averages remain well oriented.
Consequently, investors may open a long position at current prices and target a reversal toward the GBp 860 resistance and by extension the upper trend line. A stop loss order should be set at GBp 816.