After running out of steam the Laird's stock could resume its uptrend.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of GBp 17.3 per share for the current year.

Graphically, buyer flows are reduced. If the trend is now bearish in the short term, profit taking is part of a rebound on the GBp 223.4 and therefore does not affect the upward trend in the medium and long term. Moreover, prices are near to the lower limit of the bullish trading range, the 50-week moving average and a trendline are coming in support. Therefore, the stock may bounce towards the GBp 239.7 resistance.

Investor should watch the security close to GBp 223.4 to take advantage of a new upward acceleration in the direction of GBp 239.7 then GBp 249.3. A stop loss is placed under GBp 223.4.