(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.

Very Bullish article.......

http://www.businessweek.com/news/2010-05-19/cheap-land-to-boost-u-k-homebuilder-margins-deutsche-says.html

Taylor Wimpey TW. on a momentum run over the past 2 days.....

Got a fair distance to move to get in line with these 2 latest broker reports........................

Date Broker name New Price Old price target New price target Broker change

24-May-10 JP Morgan Overweight 33.86p 58.00p - Reiteration
06-May-10 Collins Stewart Buy 38.02p 47.00p - Reiteration

A 58p and 47p SP target.

I'm still in ,,have been for ages ,,should have traded them instead of holding..

How is performing on the Indicators

Hi, Peeyam,any thoughts on TW performance it seems abit low key at present.

having bought at 32p sometime ago ,is it now worth another punt as the sp is now so low.? Any thoughts anyone.?

Yes, if you are under 30 and expect to see 50.

It depends on whether they can cover their borrowing.

I have some, but I am beginning to wish I didn't.

buy buy buy good tip they will double .

Hmmm - you have changed your mind then from posting here!

and on 18/4 sp was 36!

Halifax housing index still falling.

From Moneyweek magazine---------Average house price is 4.45 x earnings against the average post war - 1983 of 4. Factor in the low interest rates, and prices will almost certainly fall another 10%.
2517

like MRW in supermarkets, so in many ways TW. in housebuilding - their last results were interesting i thought

far cheaper to buy than rent dead money . these will double in the next 6 months .
you have been told .

Not sure about it doubling in 6 months Tanker, I got in on the 10th @39.7 on the spreads Sept contract.

cc i will be correct . a cert

whats with all these 5000 buys today

cynic and chris.....

Baler - Can I phone a friend? haven't a clue mate!

there is something going on at tw the trades say they should be up over the last week.