Bovis Homes Group is currently testing an important support which could feed the rise.

Fundamentals show great growth potential on Bovis Homes Group joined to a sound financial situation. Sales forecasts are encouraging as suggested by the Thomson-Reuters consensus. For example EPS are expected to grow by 74% between 2013 and 2014 as much as margins are improving year after year.

From a technical viewpoint, prices are currently on an important support which could support a futur rise toward GBp 863.5. Moreover in weekly data, prices are supported by the 20 and 50-moving averages and the pivot point at GBp 830.

Regarding fundamentals and technical situation, active investors can open a long position at the current price in order to reach the mid term resistance at GBp 863.5. A stop loss should be placed under the mid term support at GBp 817.