WS Atkins comes back upon contact with important technical level that might give impetus to a rebound.

From a fundamental viewpoint, the company seems to be under-valuated with a P/E at 14.3 for this year whereas the sector average is evaluated at 22.15. This low valuation could attract investors.

From a technical viewpoint, the trend is neutral in the short term. The security is trading between GBp 1261 and GBp 1370. The latest downtrend pushed the security upon contact with important levels (in the long and mid-term). These supports, respectively at GBp 1263 and GBp 1261, could stop the bearish trend of these last days.

Investors can take a long position within the current area. In the first instance, the target price will be the next resistance at GBp 1370. In case of breakout of the GBp 1261 support at the closing price, investors should close their positions.