• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

Lennar Stock Is Building a Real Nice Chart Pattern

Volume trends have been uber positive for the homebuilder's shares.
By BOB LANG
Mar 27, 2019 | 10:56 AM EDT
Stocks quotes in this article: LEN

With a beautiful uptrend channel of higher highs and higher lows, homebuilder and Real Money Stock of the Day Lennar (LEN) is near last fall's recent highs.

The Moving Average Convergence Divergence (MACD) is now turned up for a buy signal after a modest correction, and while the Relative Strength Index (RSI) is pretty well overbought there is room for the stock to go higher.

The homebuilder group has been a terrific performer recently with lower interest rates.

Resistance for Lennar lies ahead from $53-55. Notice the volume trends have been uber positive (circled).

Momentum is positive but may be stalling a bit. The gap is open from Wednesday's action coming off earnings and that will be filled eventually.

Perhaps a move downward after reaching the top of the channel is a buying opportunity.

How Much Money Will I Need to Retire?

Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Lang had no positions in any securities mentioned.

TAGS: Investing | Stocks | Technical Analysis | Trading | Stock of the Day

More from Stocks

Traders Appear Stuck as Tariff Deadline Looms

James "Rev Shark" DePorre
Dec 9, 2019 4:32 PM EST

Many traders have a theory about what might come of the China trade talks with Washington, but any bet is a gamble.

Taking a Hit From Pot Stocks? Harvest Tax Losses Into an ETF

Debra Borchardt
Dec 9, 2019 2:30 PM EST

As the year winds down, many frothed up stocks of cannabis companies dipped -- here's a way to roll up your investments going into the new year.

Enphase Energy Is My 'Stock of the Week'

James "Rev Shark" DePorre
Dec 9, 2019 1:58 PM EST

ENPH has had huge, quick growth.

I See a Good Trade in Store for Macy's

Timothy Collins
Dec 9, 2019 1:31 PM EST

Sure, many other big box retailers and niche retail names look better for investing, but M offers some fantastic volatility for a play.

Jim Cramer: Markets, What Happened This Year, and the 1-2 Punch That Concerns Me

Jim Cramer
Dec 9, 2019 1:00 PM EST

Let me take a stab at what's going on here.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:02 AM EST BOB LANG

    Added Some Peleton

    This stock is starting to gain some traction, the ...
  • 01:06 PM EST CAROLYN BORODEN

    MRK and LVS Targets Coming Up

    View Chart » View in New Window »  LVS View C...
  • 12:01 PM EST BOB LANG

    Rolling Up Apple

    Just the other day we added some Apple calls on th...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2019 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login