The Berkeley Group Holdings plc : The bullish trend is not over
January 14, 2013 at 03:45 am
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Share
BUY
Conditionne
Live
Entry price
Target
Stop-loss
Potential
GBX 1,791
GBX 2,000
GBX 1,710
+11.67%
The Berkeley Group Holdings continues its bullish trend in order to test new highest level.
The company’s fundamentals are still strong. Sales are up + 20.7% for one year. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates during the year.
The trend is clearly bullish and should continue in the coming trading sessions. The 20-day moving average should help to cross the GBp 1798 long term resistance in order to reach new high levels.
In consequence, investors can take a long position in The Berkeley Group Holdings above the GBp 1800 with a first target price at GBp 2000. A new bullish fluctuation could lead the security toward its highest level in case of breakout of the GBp 1800. A stop loss will be fixed under the short term support at GBp 1728.
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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 
