The real estate company Crest Nicholson Holdings shows relatively strong fundamentals and is coming back to attractive price.

Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at GBp 518, shows. Nevertheless, the stock seems being oversold, near to its GBp 467.9 support in daily data, due to its 1 % down on last trading sessions. This level might stop the short term slumping for the next sessions.

Therefore, the proximity of the GBp 467.9 support is an opportunity to take a long position in Crest Nicholson Holdings. The first goal is a return in the GBp 500 threshold, that is a potential of 4.5 %. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.

This stock is included in our European portfolio by the investing team, owns 550 shares acquired at an average price of GBp 547.