Northgate shows relatively strong fundamentals and is coming back to attractive prices.

According to Surperformance© ratings, the company is an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements as in 2014 and and the enterprise valuation conciliates with its visibility.

Technically, the security is in a negative configuration in the short-term as the bearish trend of 20-day moving average, currently at GBp 360, shows. Nevertheless, the stock seems in an oversold situation, near to its GBp 336.3 support in daily data. This level might stop the bearish trend in the short term and should help for a technical rebound.
The main target will be the Gbp 360 (trandling and short-term moving average) and then we could expect a return in the GBp 371.5 area.
A stop-loss will be placed below the GBp 336.3 at GBp 328.7.