The uptrend could come to support Ladbrokes in the coming sessions.

The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at GBP 1168 million against GBP 1084 million for the previous 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 203 and therefore does not affect the upward trend in the medium and long term.

Consequently, the most active investors can buy the share at the current price and target a return toward GBp 225.2. A stop loss can be placed under the GBp 203 support.