The Berkeley Group Holdings plc : Still a great upward potential
November 07, 2012 at 05:09 am
By
Share
BUY
Conditionne
Live
Entry price
Target
Stop-loss
Potential
GBX 1,515
GBX 0
GBX 1,480
-100%
The Berkeley Group Holdings plc continues its bullish trend in order to test new highest level.
The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year.
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 exceed soon the GBp 1550 long term resistance.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position above the GBp 1550. The first target price is the GBp 1700. A stop loss will be fixed under the 20-day moving average, threshold that would invalidate this trading strategy.
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The Berkeley Group Holdings plc is a United Kingdom-based company engaged in building homes and neighborhoods across London, Birmingham, and the South of England. The Company and its subsidiaries are engaged in residential-led, mixed-use property development. The Company specializes in brownfield regeneration, reviving underused land to create sustainable and nature-rich places. The Company's portfolio of developments includes Sunningdale Park, Sunninghill Square, Bankside Gardens, Berkeley Place, Abbey Barn Park, Hareshill Crookham Village, Hartland Village, Knights Quarter, Hertford Locks, The Arches, The Eight Gardens, Farmstead at Tannersbrook, Hildenborough, Holborough Lakes, Foal Hurst Green, Hollyfields, Grand Union, Prince Of Wales Drive, Camden Goods Yard, South Quay Plaza, Chelsea Creek, Beaufort Park, Filmworks Ealing, Woodberry Down, Fulham Reach and others. The Companyâs brands include Berkeley, St Edward, St George, St James, St Joseph, and St William.
THE BERKELEY GROUP HOLDINGS PLC 
