Bellway stock went through a correction phase and seems ready to rally again now.
The UK's largest house builders displays solid fundamentals. Its valuation appears extremely low with a P/E ratio of 8.14x for 2015. The business shows a solid profitability with a significant net margin of 15.7%, and a great growth potential. Upward revisions have been made on EPS and earnings in a two-year horizon.
Technically, the stock evolves in a bullish trend on the long and medium terms. The GBp 1952 long term resistance resulted in a consolidation phase that led the security toward the GBp 1674/1711 area, that constitutes a support for the midterm and long term positive trend.
According to fundamental and technical analysis, the timing seems suitable for buying the security in order to aim a technical rebound. The bullish target could be set over the GBp 1837 short term resistance in the first place, with a stop-loss order under the midterm support.
At the publication date, the company Surperformance, 4-traders.com website publisher, held a position of 300 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. 
