Travis Perkins, listed on the London Stock Exchange, shows a strong performance for several trading sessions.
From a fundamental viewpoint, the company is trading at a low level as shown by the ratio "enterprise value/revenue" at 0.77x. Furthermore, PER is moderate (estimated at 15.17x in 2013).
Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. Prices have blocked several times on the GBp 1465 level. However, the uptrend could be continued, supported by the 20-day moving average, and return to its highest price levels.
Given these elements, most active investors could take a buy position and aim to cross the GBp 1465 resistance for a new bullish signal. The first target would be at Gbp 1550. A stop loss will be placed below the GBp 1374 pivot point, threshold that would invalidate the bullish strategy.
Travis Perkins plc is a distributor of building materials in the United Kingdom. Its Merchanting segment includes brands, such as Travis Perkins, BSS, Keyline, and CCF. Travis Perkins is a general merchant, offering a destination for heavy side products, complemented by light side convenience. BSS supplies commercial and industrial heating and cooling solutions, supplying specialist contractors with a variety of products from 69 branches and two distribution centers. CCF distributes insulation and interior building products from 36 branches to contractors throughout Great Britain. Keyline supports housebuilders, groundworkers and infrastructure contractors to build and redevelop facilities. Its Toolstation segment is a supplier of a range of products to trade, do-it-yourself customers. Toolstation operates from 570 branches across Great Britain and is growing in the Netherlands, Belgium and France. Its product mix includes plumbing and heating, heavy side, light side, and timber.
TRAVIS PERKINS PLC 
