Economic Data coming out next week for new home builds and sales. I believe these numbers will be very week which should push those housing sensitive names lower. I believe this stock is a prime candidate for a major drop as we are seeing the price come up to test that 50 day moving average.
TPH stock is on the critical resistance line, and it should pick a side up or down that will be seen soon
Bull Flag on Complex Correction Wave 4. One of the better REITs I've come across. Great management. Recommend your own due diligence !
It can go up because: 1. The stock is in the channel. The support is around 14.87 2. Ehlers Smoothed Adaptive Momentum is in the green zone. That's mean that we have bullish momentum 3. MACD is bullish Buy: 15.61 Stop Loss: 14.87 Target: 17.09 (2R) if you have any questions, let me know Thank You
Alongside bearish trading action in builder stocks, July’s housing market data may have delivered confirmation of persistent investor fears. "Housing Market Review – A Wobbly Edifice As Builders Break Down And Data Weaken" drduru.com $ITB $DHI $MTH $KBH $PHM $TOL $TPH #housingmarket #housingwatch #homebuilders #stockmarket #economy #gdp
TPH expected to open at 15.84 for a Gap N Go. To learn to trade this strategy for free, go to www.RealLifeTrading.com