The GBp 174.2 resistance area, currently tested, might facilitate a technical drop. The company’s fundamentals could validate this scenario.

From a fundamental viewpoint, EPS have been recently downward revised by analysts who are expecting a sharp decrease between 2013 and 2014. This situation could feed some profit taking in the short run.

Technically, the security is in a negative configuration in the short term as the bearish trend of 50 and 100-day moving averages, show. Moreover shares are currently in contact with the GBp 174.2 resistance. This level could aims a bearish movement toward the GBp 152.7 support.

Therefore, the proximity of the GBp 174.2 resistance is an opportunity to take a short position in Serco Group. The first goal is a return in the GBp 152.7 support area. A stop loss order can be placed above the resistance currently tested.