Taylor Wimpey could regain its upward trend after having run out of steam.

The fundamentals support the stock with an important upward revision of earnings per share by analysts for the current and next year (respectively +25% et +50% for one year).

Taylor Wimpey is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase offering a good entry point near a daily support and a trendline. It could be interesting in the coming sessions in order to benefit from an upward reversal.

Consequently, the GBp 109.3 is good point to buy the stock in order to target a return toward GBp 120. A stop loss can be placed under the GBp 109.3 support.