Lennar: Negative Short-term Outlook

We could head even lower in the near term as price completed a bearish breakout below:
1) Head and shoulders
2)50-days SMA
3)Rising trend line for the latest bullish wave
4)The downside breakout was supported by strong selling volume

I will look for a retest of 37.75 support level, followed by areas near the 200-days SMA support at 36.50.


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