(To start with please do your own research, I own these shares)

TAYLOR WIMPEY PLC has broken the rising trend up. This signals an even stronger growth rate. It also gave positive signal from a inverse head and shoulders formation at the break up through the resistance at 45.57. Further rise to 57.7 or more is signaled. The stock is testing the resistance at pence 52.00, which may give a negative reaction. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the trend. The stock is overall assessed as technically positive for the medium long term.

Watch out for a break over 52, thats your start line.

Background on prospect for this company.
Taylor Wimpey said today it has seen continued stability in the UK housing market since April and the severe downside scenarios for which it has been planning now appear less likely to materialise, despite economic conditions remaining weak.

The housebuilder said it has strengthened its financial position significantly during the first half of 2009, having agreed the restructuring of debt facilities and successfully completed a Placing and Open Offer to raise net proceeds of ฃ510m.

The group said whilst wider economic conditions remain weak and rising unemployment could still have an effect on its markets, the severe downside scenarios for which it has been planning now appear less likely to materialise.

Despite some regional variations, the group has seen continued stability in the UK housing market since it reported full year results on 30th April.

This also the company which has one of the largest exposure to the US housing market so a recovery in the real estate sector in the US would also add to its gains.

Peeyman,

Somebody must have stolen this share's wings.

Mind there is a target price of 67p. Which year I am not sure!

are they waiting for the housing news this afternoon from america?

Still a good investement in my view ,just taking a breather ,news from the US will affect this one way or another ,lets hope its positive.

I think it will need a booster rocket. 8-)

Annoying Fred as the other house builders are up and housing data good from the US ,i have a holding that i'm hoping to keep in next year.

Might help your spirit level.
====================================Target Price
10-Sep-09 Bank of America Buy 49.00p 44.00p 67.00p Reiteration
08-Sep-09 Panmure Gordon Hold 49.00p - - Reiteration

RNS Number : 5923Z
Taylor Wimpey PLC
24 September 2009


Barclays lifted holding to over 5% 21/9/2009

Should help the price a little.

As i posted on the other TW thread yesterday ,we had a bit of a bear squeeze i think a lot of short closed.....Barclays news is good too ...

New article and analysis, click HERE

So is it too late to buy building shares now? Why Taylor Wimpey?
...Having said that, the company remains operationally highly geared with that 1.4 billion pounds of ordinary shareholder capital being only third of total assets of 4.36 billion pounds. That is another reason why building companies are so cyclical...
http://uk-analyst.com/shop/page-article/action-article.show/id-130001742

sorry! here is the link again
UK-Analyst.com

is it still worth investing in this company ?

it's arguably as good as any other housebuilder to have in your portfolio ...... for myself, i have added BDEV and PSN in the last few days, and handsomely they have perfomed too

Am happy to hold these for 12 months and will monitor along the way. Good med term investment imo.

I would be extremely cautious of most hb's atm, cynic hope you managed to take a quick profit prior to them both falling.
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Yesterday was optimistic.

Today Glooom!

Probably the first of many glooms of 2010.

George TW has gone back up nearly 30% over the last weeks ,with lots of positive broker buys .

jimmy b, from around 10th dec @ 33p to jan 11th @ 43p you are absolutely right re the sp and anyone buying between 10th dec and 21st dec have done very well, (I did say earlier on this thread that there would be trading opportunities). I think you will find that over the last 2 weeks there have been several buy rec's but the sp failed to pass the aug 09 high, in fact it has fallen away. Good luck to all holders though.
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