The German provider for internet services mainly for Germany but also for other locations should rise after drawing a double bottom.

Financials regarding United Internet are highly encouraging as a considerably progression have been showed in terms of margins. They grow at a constant pace since 2012 and the positive direction should continue at least until 2018, according to estimates. In addition, stronger sales volumes are forecasted for the ongoing fiscal year, for a total amount near £3 billion, it represents an increase of 10% over prior period. In fact, analysts polled by Thomson-Reuters reported anticipations of £1.43 per share and even higher estimates have been released for 2015 where by this time they look ahead to £1.74 per share.

Technical patterns show an equity fluctuating over the up trendline since a large period. Now close to this important diagonal, shares may resume a bull run toward the GBp 35.6 resistance level. As all weekly moving averages still being well-oriented, investors are encouraged to open a long position on this stock at its current price. They should seek first for the GBp 32.4 resistance and by extension the main target will be set at GBp 35.6. Nevertheless, a stop loss could be placed at GBp 29.8.