Taylor Wimpey plc : A well-established uptrend
Entry price | Target | Stop-loss | Potential |
---|
GBX 112.6 |
GBX 125 |
GBX 110.62 |
+11.01% |
---|
Taylor Wimpey has still an uptrend and is going toward its highest level.
From a fundamental viewpoint, the company is strong. The group has a positive treasury and the Thomson Reuters consensus revised regularly upward EPS estimates for the current year.
Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, 20-week moving average helps the stock to keep its uptrend.
Therefore, investors could take a long position in Taylor Wimpey, on crossing of the GBp 113.9 mid-term resistance, to target the GBP 125, corresponding to the bullish trend line. A stop loss should be placed bellow the entry point.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.