AZ Electronic Materials Group shows relatively strong fundamentals and is coming back to an attractive prices.

From a fundamental viewpoint, the company has a value in line with the industry according to the enterprise value ratios.

AZ Electronic Materials is oversold at the contact of the GBp 277.9 support. This situation gives credit to a potential technical rebound. The breakout of the 20-day moving average gives credit to this situation. Thus, the stock could find new energy and would rise towards the next resistance of GBp 295.3 and by extension of GBp 310.8.

The trading strategy can benefit from the breakout of 20-day moving average in order to buy AZ Electronic Materials in a good timing. Investors might place a stop loss order bellow the entry point.