Bovis Homes Group has still an uptrend and is going toward its highest level.

The company’s fundamentals are still strong. Sales are expected to be up by 31% in 2014 and earnings should grow by more than 50%. Analysts from Thomson Reuters consensus have revised largely upward their EPS estimates for the coming years and that offer a good visibility on the stock.

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 reach soon the GBp 980 (trendline), our next target.

According to both technical and fundamental elements, it seems opportune to take a long position at the current price. The bullish trend should allow the security to reach the GBp 980 soon. A stop loss will be placed under the GBp 921.5 short term support to avoid a downtrend.