Tribal Group could breakout the GBp 202.25 resistance in the short term.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by + 5.4% on the current year, with a net margin of 8.57%. Moreover, EPS forecast have been revised up to 20% for one year.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward GBp 202.25 and would give a strong buying signal if the crossing is confirmed in daily closing.

Taking into account all these elements, investors could buy the stock on the breakout of the GBp 202.2. The target price is set at GBp 222 corresponding to the trendline. A stop loss will be fixed below the GBp 195.7 pivot point, threshold that would invalidate the strategy.