Taylor Wimpey plc : The bullish trend continues
Entry price | Target | Stop-loss | Potential |
---|
GBX 56.95 |
GBX 0 |
GBX 52.85 |
-100% |
---|
The GBp 58 resistance is in line of sight for the British based housebuilding company.
The economic and financial situation of the company is still strong. Debt is decreasing rapidly and the leverage is reducing at 0.73.
From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the GBp 58 long term resistance and then 62 GBp.
Investors can take a long position to aim the GBp 58 resistance and by extension 62 GBp. A stop loss order will be placed on the 50-day moving average to save the capital.
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.