WS Atkins could breakout the GBp 1465 resistance in the short term.

Regarding the fundamentals, the company has a correct valuation as shown by the EV/sales ratio at 0.8 for the next two years. In the same time, EPS for these fiscal years have been revised upward, which enhance its business improvement.

Graphically, the security is up around 2% since the 1st January in an uptrend. It seems able to continue this movement supported by daily and weekly moving averages and will soon test the GBp 1465 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above GBp 1465, a buy signal will be given.

Therefore, investors could take a long position in WS Atkins, on crossing of the GBp 1465 mid-term resistance with a goal at GBp 1585 (computed by swing effect). A stop loss should be placed at GBp 1432, once the trade is opened.