Taylor Wimpey, one of the largest British based housebuilding companies, shows a strong performance for several trading sessions.

From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend.

Exceeding the technical line at GBp 63.1 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of GBp 69.4 protected by a stop loss order at 61.2.