Bellway stock is seeing an significant buyers' flow.
Surperformance ratings underlines the qualities of the company's fundamentals. Its valuation is extremely attractive with a P/E ratio of 9.4x for 2015. The Thomson Reuters consensus revises regularly upward EPS estimates of the company for the upcoming year.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The stock rebounded significantly upon contact with the GBp 1711 support, crossing up its GBp 1944 resistance. The bullish movement should therefore continue to reach new highest levels.
According to both technical and fundamental elements, it seems opportune to take a long position at current prices. The bullish trend should allow the security to reach the GBp 2180 resistance. A stop loss will be placed under the GBp 1829 short term support to avoid a downtrend.
At the publication date, the company Surperformance, 4-traders.com website publisher, held a position of 130 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. 
