The British leading hire company of commercial vehicles is not ready to leave the rising wedge.

Financial statements stand for a growth company that operates in UK and Spain. Even if lower sales are expected for this year, net incomes are anticipated to increase by more than 40%. Mastered debts should provide the company further leeway on its capacity to face liabilities and reduce the default risk; this improvement is observed on leverage ratio that in a 2-year horizon should fall from 1.45x to 1.3x. Analysts polled by Thomson-Reuters revised EPS on Northgate upwardly, thus £0.3 per share for 2014 and £0.34 per share for 2015.

In the past few sessions, the equity steadily fell, approaching in consequence a significant support line and the bull trend line. Technically, even if daily moving averages still in a downtrend, a positive reaction in the GBp 496 area should stop the bearish trend and allow a technical rebound towards GBp 560 (50-day moving average). Moreover, technical indicators argue for a strengthened bullish scenario as weekly moving averages still positive oriented.

Thus, investors could take a long position targeting GBp 560. The stop loss will be placed below the support at GBp 496.5.