The GBp 270.6 support, currently tested, should allow Vesuvius to rally again.

From a fundamental viewpoint, Vesuvius seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 0.8 times its revenues.
This valuation correspond to 16 and 12.6 times the two next years earnings.
Furthermore, EPS estimates have been revised upward in the last few months by analysts.
Moreover, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the GBp 270.6 area should stop this trend and allow a technical rebound towards GBp 321.3. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

Therefore, the proximity of the GBp 270.6 support is an opportunity to go long on Vesuvius. The first goal is a return in the GBp 300 and then the GBp 321.3 resistance area, that is a potential of 17.5%. A stop-loss order can be placed under the support currently tested.