Galliford Try could break out the GBp 965 resistance in the short term.

The EBIT margin is expected to rise to 5.6% in 2013 against 5.1% in 2012. Moreover, the valuation of the company is low as shown by an EV/Sales ratio at 0.54x for 2013. Eventually, EPS estimates has recently been revised upward.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward the GBp 965 resistance and would give a strong buying signal if the crossing is confirmed in daily closing.

Investors could take a buy position once prices will be above the resistance. The main objective will be GBp 1030. A stop loss will be positioned under GBp the effective entry point.