(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.

Not sure what has happened with this thread.

And reposting RNS of the morning.

Taylor Wimpey sees FY profits at upper end of its expectations

StockMarketWire.com

Taylor Wimpey said it sees its full-year profits at the upper end of group expectations and that consumer sentiment was more positive in the first weeks of 2013.

The company said it expects its operating profit to be up by more than 40% in the year to Dec. 31, 2012, with its operating margin to been full-year 2011's 8.8% and first-half 2012's 11.1%.

"We expect to report 2012 full year profits at the upper end of our expectations," the company said in a trading statement.

"Two weeks into 2013, consumer sentiment towards the housing market is more positive than we have seen in recent times," it said

"Clearly it is too early to judge the market for the year, but we maintain a positive, although cautious view in the short term."

Chief executive Pete Redfern said 2012 was a year of progress for Taylor Wimpey.

"We are delivering on the strategy that we set out in 2011, including a return to UK double digit operating margin ahead of schedule," he said in the trading update.

"As we look forward to 2013, we are confident that we will continue to deliver against our key objectives and target further improvement."

The company said underlying market conditions in the UK had remained stable since November 2012.

"While mortgage availability remains restricted, some major lenders have recently reduced their rates and we hope that this trend will continue as the Funding for Lending scheme gains traction," it said.

Average selling prices on private completions increased by 6% to £197,000, against a backdrop of broadly flat house prices.

The company's overall average selling price has increased by 6% to £181,000 (2011: £171,000).

Home completions rose 7% to 10,886, including joint venture, up from 10,180 in 2011, of which 18% were affordable housing completions (2011: 20%).

Our net private reservation rate for the full year was 0.58 homes per outlet per week (2011: 0.54) with cancellation rates below the long term average at 15.2% (2011: 15.8%).

"We start 2013 in an excellent position with a substantial order book with an increase of 14% in value to £948m as at 31 December 2012 (31 December 2011: £835m), representing 5,966 homes (31 December 2011: 5,379 homes).

"Our focus on prioritising both short and long term margin performance ahead of volume growth remains and we are pleased to report further improvement in the margin in the order book with the growth driven by the strength of the private reservations."

Of the group's operations in Spain, it said the continued wider macro economic uncertainty had contributed to the challenging market conditions.

Despite this backdrop, we have completed 156 homes (2011: 109) at an average selling price of £189k (2011: £238k), with the reduction in selling price primarily due to mix. The Spanish housing business made a small profit during 2012.

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On its strength, will whole shares and buy a small dose of S/Bs.



Repeating it is a funny market, but I am not laughing at the moment

Fred, any chance that you can you use this thread which is more current and searchable by ticker?

Sk.

Was looking for the thread you have pointed to.

Happy to do so!

8-)

PS there seems to be a clash of threads or I am blind.

Ticker is TW. not just TW

Yes there is rather - the other one seems to have more recent posts and is searchable by ticker (TW.)

Thanks.

Just worked it out!

8-)

Sold my holding - been in since Aug 2012 - 44p.

Been in since 20p. Missed the first burst. Think it has a long way to go.

I have to many house builders Fred, still have BDE, BHY,CRST and PSN.

Trading Statement out today http://www.moneyam.com/action/news/showArticle?id=4626438

ED: Sorry, just seen the the "current thread link".

Trading Statement http://www.moneyam.com/action/news/showArticle?id=5153771

Ed: Link corrected.

Clearly a good customer of Majestic Wine Stan?

Well it was early K -):