The company’s fundamentals are significant arguments to benefit from the pullback.
The company enjoys an excellent Surperformance rating, which underlines its great financial situation (positive cash flow) and its very attractive valuation (its P/E ratio amounts to 8.03x). The Reuters Consensus has revised upward its EPS estimates for the upcoming fiscal year.
Technically, the stock constitute a significant trading opportunity. All the moving averages are well-oriented and the bullish trend is highly likely to continue. The stock is currently on its 50 day moving average. Thus, this area might launch an upcoming surge.
Consequently, investors can open long positions at current prices and aim the GBp 2447 resistance. A stop loss order will be set at GBp 2233, to avoid significant losses.
At the publication date, the company Surperformance, 4-traders.com website publisher, held a position of 123 stocks, acquired at an average price of GBp 1528.
Bellway p.l.c. is a United Kingdom-based home construction company engaged in the building and selling of homes, ranging from one-bedroom apartments up to six-bedroom family homes, as well as providing social housing-to-housing associations. The Company operates into approximately 21 divisions, covering centers across England, Scotland and Wales. The Company's brands include Bellway, Ashberry brand and Bellway London. Bellway brand is engaged in building quality homes in selected locations inspired by the needs of families. Ashberry brand is used on larger sites, where the site layout and market demand justify two selling outlets. The Bellway London brand covers all their developments in London boroughs and commuter towns. Its properties range from one-bedroom apartments to four-bedroom houses. The Company's subsidiaries include Bellway Homes Limited, Bellway Housing Trust Limited, Bellway Properties Limited, Bellway (Services) Limited and Litrose Investments Limited.
BELLWAY P.L.C. 
