Berkeley could cross its GBp 2563 resistance to reach new tops in the coming sessions.

The company shows strong fundamentals. The high valuation of the group shows a great investors confidence. Moreover, the consensus revised upward EPS estimates for this year. For 2014, this EPS consensus gained 17% for the past 12 months and that let see a great potential for the security on the stock market.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to cross soon the GBp 2563 long term resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the crossing of the GBp 2563 resistance in order to benefit from a new upward potential. The target price will be GBp 2844 (swing effect). A stop loss will be placed under the 20-day moving average.