Taylor Wimpey continues its bullish trend in order to test new highest level.

The company shows strong fundamentals. Firstly, the high valuation of the group shows a great investors confidence because there are ready to pay a high price for the stock. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market.

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 break soon the GBp 74.8 long term resistance.

The bullish trend should allow the security to break the GBp 74.8 resistance. If the stock crosses it, a new target price will be set at GBp 80. A stop loss will be placed under the GBp 74 short term support to avoid a downtrend.