The house builder specialist soars since several sessions.

Fundamental analysis reveals a healthy stock able to gradually increase its net margin and that outperforms uniformly since 2010 and is expected to continue in the long term. Furthermore, EPS and revenue on Bovis have been constantly revised upward for the last 12 months (+40% and +30% respectively) concerning the current year. This positive trend is confirmed by encouraging “Surperformance” ratings for trading strategies. Analyst’s consensus on Bovis is buyer.

As number of homes planned are at its highest level since 2008, the stock prices intends to record new highs. 20 and 50-day moving averages orientation reinforce the positive trend. All this indicates that the upward movement should continue on future trading sessions.

For reasons exposed above, investors could buy above the GBp 922 pivot point having as target the GBp 995 resistance. The stop-loss order would be placed below the 20-days moving average at GBp 886.