Spirit Pub is very likely to regain its bullish trend after an accumulation phase.

Fundamentally, sales and operating income should keep increasing steadily. EPS estimates were upwardly revised over the last 12 months and none analyst from Thomson Reuters consensus is on the sell side.

Technically, the share is in a bullish trend in the short term as well as in the long run. Weekly data moving averages are well oriented while the 100-days moving average prevents the security from a drop. The stock has evolved for many months in a wide tunnel and is currently in an accumulation phase in the range limited by the GBp 112.4 support and the GBp 114.7 pivot point. Consequently, investors can open a long position at current prices and target the Gbp 120.5 short term resistance. A stop loss should be set at 111.1.