andrew.berg
Long

DHI surged after housing data. cup&handle idea is still valid

NYSE:DHI   DR HORTON INC
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DHI is up today after housing news came out from US. There were sold 504k of nev homes compare to 442k expectatoins. Very strong upbeat. DHI was hovering around 8/21 EMA and above all key long term moving averages.
It triggered long entry when price broke and closed above $23.25 resistance one month ago.
Break above $24.80-$25 resistance area could attract more buying.

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