Taylor Wimpey plc : The bullish trend continues
By Josselin Giraud
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
GBX 56.95 | GBX 0 | GBX 52.85 | -100% |
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.