The recovery of N Brown group shares seems to have run out of steam.

The stock price is 17% higher than the average target price set by analysts, which is likely to lead to some profit taking. Moreover, analysts have revised downward their EPS estimates for 2015.

Graphically, the share evolves in a bullish trend in the short term, but this is likely to get reversed as the configuration stays neutral in the medium and long term. Prices have reached the GBp 456.8 mid-term resistance, threshold that is likely to put an end to the bullish movement and cause a correction toward the GBp 407 support.

Those elements argues to establish a short position at the current price. The first objective will be fixed near the GBp 407.5 short term support. This strategy should be protected by a stop loss above GBp 456.8.