Persimmon could reach its GBp 1132 resistance.

The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging. Further, EPS estimates has recently been revised upward.

Technical patterns are in the green : prices are up for several months. The trend should continue in the coming trading sessions thanks to the 20-day moving average. Prices managed to cross the 1073 pivot point, which will probably act now as a support. Thus, the security may reach the GBp 1132 resistance soon.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price. The first target price is the GBp 1132 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the GBp 1073 pivot point, threshold that would invalidate this trading strategy.