Ladbrokes should undergo some profit-taking after the rebound in recent sessions.

Fundamentally, earning per share were downward revised over the last 12 months. Moreover, the stock is currently approximately 5% above the consensus average target price.

Following a bearish trend, the stock unexpectedly surge on contact with the GBp 102 support. It is now approaching the GBp 124 resistance, a threshold that should stop the recent rebound. In addition an oversold situation should entice a fall toward short term supports.

Consequently, active investors may open a short position now and target the GBp 109.2 area. A stop loss order should be set at GBp 127.