Persimmon's growth expectations offer a significant price appreciation potential.

Regarding financial, the company seems solid. First, the stock seems cheap with a P/E ratio of 12.5 for 2014 and 10.3x for 2015. Second, it benefits from a significant growth highlighted by Thomson-Reuters analysts' forecasts. It has large enough profits that enables to generate substantial earnings. Sales and EPS revisions shows analysts' confidence since upward revisions were made over the last 4 months.

Technically, the stock depreciated upon contact with the GBp 1613 resistance. The bearish movement brought it back on the GBp 1459 support trades close to its short term level at GBp 1459. The trend is still bullish on both long and middle terms. Therefore, the current threshold is likely to allow a technical rebound, supported by increasing weekly moving averages.

According to upstanding financial and technical elements, long positions could be opened in Persimmon close to the short term support at GBp 1460. The scope of this configuration will be set at GBp 1528 then GBp 1613, thus providing a great gain potential. However, the stop loss could be placed under the purchase level in order to assist the support's breakout.