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

From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show. Moreover, the group has a low debt level, as shown by the financial leverage of 0.53x for 2013.

Devro is oversold and near to GBp 300. This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next GBp 319.3 resistance.

So as to make the most of a potential technical rebound of Devro, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the GBp 319 resistance. Investors should not insist under GBp 300 and are better off placing a stop loss order under this threshold.