Operators should take advantage of a potential rebound.

Polyus Gold International keeps outstanding fundamentals, as underlined by Surperformance ratings. The company is highly profitable, with a net margin of 23% in 2015. Upward EPS revisions from analysts covering the stock should stimulate its appreciation.

Graphically, the security follows a downward trend in the short term, under the GBp 200 resistance area. In the mid-term, the trend is neutral. The stock is trading within a range between GBp 187 and GBp 210. Polyus Gold International is not likely to continue its downtrend because it is near to the lower limit of this range, on the strong GBp 187 support. This threshold is likely to allow a significant technical rebound.

Therefore, it seems opportune to open a long position on Polyus Gold International at current prices. The target will be set at GBp 210, and a stop loss will protect the trade under GBp 187.