Electrocomponents is a company engaged in the distribution of electronics, electrical, industrial and commercial supplies and services to engineers worldwide.

The sales are expected to grow by 4% at the same time that debts are expected to decreases by 7% which is translated to a net income increase of 12%. Moreover, the P/E ratio at 16.1x represents an opportunity for investors.

Actually testing its support line at GBp 267.80, the timing is perfect for buying the stock at this level and waits for a rebound over the resistance GBp 275.70 and then the reach of the target price at GBp 285.90. This movement is leaded by the 50-week moving average, which is supporting the stock.