The share is approaching a technical resistance and could return to a bearish configuration.

From a fundamental viewpoint, analysts have largely revised downward their EPS estimates. This situation could feed some profit taking in short run.

Technically, the security could run out of steam close to the GBp 3740 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and it should expect a return to GBp 3499.5. Indicators that show an overbought situation confirm this scenario.

Therefore, the most offensive investors can benefit from the technical configuration to open a short position. The objective will be fixed near to the GBp 3499.5 support. Only the breakdown of this level would open up new bearish targets toward GBp 3411. The stop loss will be set above GBp 3740.