Bovis Homes Group shows a strong performance for several trading sessions.

The high levels of price show the interest of investors for this security even if the valuation remains attractive.

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend.

Exceeding the technical line at GBp 525 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of GBp 577.5. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below GBp 489.3 and so this strategy would be invalidated.