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.