Shares from the publishing group still trading inside its bullish channel.

Company’s debt is meant to decrease by at least 10% during the current fiscal year for a leverage reduction from 1.7x in 2013 to 1.35x in 2014 and, even better, only 1.05x anticipated for 2015. At the same time, sales are expected to increase this year and according to revisions made by Thomson-Reuters analysts, higher EPS levels are awaited for 2014 and 2015. Indeed, in 2013, EPS beat estimates by 18%.

Graphically, the timing seems favorable for long position taking in the short term. The equity has been trading inside its bullish channel and it is currently testing the lower band and the EUR 15.2 support line. In weekly data, moving averages orientation should help on the bullish direction toward the EUR 16.2 resistance.

Hence, active investors could take a long position at current prices (EUR 15.3). Then, they could seek for an objective at EUR 16.2. Otherwise, the stop loss is placed below the support at EUR 14.9.