WS Atkins could initiate a rebound thanks to the GBp 1500 support.

The valuation levels remain intact with an attractive valuation level (Ev/Sales ratio at 0.75x for the current year).

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend. Moreover, the proximity of the lower band of the GBp 1500/1580 trading range offers an interesting entry point.

Investors could open a long trade near the GBp 1500 with a target price on recent highs at GBp 1580. A stop loss will be placed at GBp 1485.