GO-AHEAD boasts a comprehensive number of branches in North America and United Kingdom, so shares may run its course.

The company involved in passenger transport increased its numbers mainly helped by the regulated bus segment that jumped 10% in comparison to prior fiscal year. The group frequently publishes better figures than those estimated. Indeed, sales anticipations are up over 2013 figures and estimates for 2016 mounted to EUR 2.9 billion. The British business continuously improves its margins, thus better EPS are anticipated, GBp 138 per share in 2014 and potentially GBp 180 by 2016. It’s P/E ratio remains fair according to the sector and upward revisions uphold its development.

The stock follows a well-oriented path and could extend its trading range out of the ascending triangle pattern. Moving averages orientation in all time scales suggest a continuity of the bullish trend and may push prices toward higher levels on coming sessions. If the upper trend line exceeded, then investors could seek for the GBp 2367 level, which would validate the rally and allow shares to reach the GBp 2505, the main target.

Therefore, long positions could be taken over GBp 2272 seeking for GBp 2505. A stop-loss order should be previewed under the rising line to avoid bearish flows.