Beazer Homes Inc. (BZH) is scheduled to release their first-quarter fiscal 2021 results after the closing bell Thursday. The homebuilding industry has been "on fire" recently due to a number of factors like low interest rates, tight supply and new mobility of employees being able to work from home, wherever that may be.
Let's check out a few charts and indicators.
In the daily bar chart of BZH, below, we can see that the shares have made a four-fold advance from the lows of March and April. Prices are trading above the rising 50-day moving average line and the bullish 200-day moving average line. A bullish golden cross buy signal can be seen at the beginning of September.
The trading volume has remained active the entire rally and the On-Balance-Volume (OBV) line has been generally positive since April. The trend-following Moving Average Convergence Divergence (MACD) oscillator has stayed above the zero line since May.