|Day Low/High||58.85 / 59.70|
|52 Wk Low/High||37.29 / 62.63|
LEN looks ready to trade sideways to slightly higher in the near-term, but eventually resume its rally.
The homebuilder could trade sideways for a bit, but its charts are largely bullish and indicate its shares should build on their gains.
Low interest rates, continued low unemployment and high consumer confidence are bullish props to this sector.
The nation's central bank forever perverted the concept of what we used to call the 'free market.'
And while we wait for those three earnings reports to be had after today's market close, here's what should be on your radar screen for tomorrow: The World Trade Organization is expected to finalize approval this week for the U.S. to initiate $7.5 ...
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Let's check out the charts of LEN ahead of Tuesday's earnings report.
When you see that money pouring out of the market it is going to be looking for a home. The home will most likely want some economic sensitivity.
Construction spending hasn't sent ambivalent signals in 2019.
The major homebuilders are forecasting strong demand into the second half of 2019, giving a boost Wednesday to shares of Home Depot and Lowe's.
Volume trends have been uber positive for the homebuilder's shares.
The homebuilding sector is showing signs that it can remain red hot in 2019.
It becomes difficult to own for anything other than a trade, managed care stocks and those that most benefit from Medicare expansion.
This is a natural decline that will be followed by an advance you can profit from as housing endures its annual spring rebound.
How did we get from a rolling bear market to a rolling bull market so quickly?
This is why using the Philips Curve, in a vacuum, is misleading.
Micron is a perfect example of how the stock market does work.
Plus, a resolution of the government shut-down needs to happen soon.
Retail and housing stocks are reacting to what will happen this spring, rather than Fed fears. This is how to play it.
Shares of the homebuilder seem poised to rise, but further consolidation and accumulation is probably needed to support a more sustained rally.
This homebuilder has roared past resistance.
The perception of the majority right now is quite negative.