The Rolls-Royce Holding share is approaching a technical resistance and could return to a bearish configuration.

Over the last 12 months, the great majority of analysts EPS estimates have been downgraded. Moreover, the net income has known a sharp drop in 2014 (-95%).

Graphically, the stock went through a period of rebound in recent sessions towards the GBp 998 medium-term resistance. It could act as a stopping point of the upward movement. Then the share should consolidate near this area. Those characteristics as well the overbought situation argue to establish a short position at the current price.

The first objective will be fixed near the GBp 934.5 short term support. This strategy should be protected by a stop loss set at GBp 1029.