Playtech could breakout the GBp 709.5 resistance in the next trading sessions.

Regarding the fundamentals, we note the increase of sales recorded over the previous year and this is also expected for the next fiscal years.

Technically, the stock is moving in an upward trend for many weeks. This movement shows a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward GBp 709.5 and would give a strong buying signal if the breakour of this resistance is confirmed in daily closing.

Given these elements, most active investors could take a buying position and aim to cross the GBp 709.5 resistance for a new bullish signal. A stop loss will be placed below the GBp 700 once the trade is opened and the target will be at GBp 760.