D.R. Horton (DHI) rose after the the largest U.S. homebuilder by revenue said orders in the last quarter jumped 38 percent. Contrarian approached using short order: 1. 24.5 2. 26
Move up on implied sentiment due to LEN results. Breakout trade. Through 200MA and then a bought call potential
DHI a key price level.break higher could see the stock challenge $24. OTM spread potential
If anyone needed proof that there was a disconnect between Wall St. and Main St. then look no further than the housing stocks, in particular D.R. Horton, Inc. (NYSE:DHI). The stock plummeted an eye popping 11.5% in a single day, and basically took down the entire sector. The results were disappointing to investors to say the least, as U.S. sales of newly built...
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...
The stock was leading during the first half of 2013 but then caught some downside. Stock found bottom around $18 then regained its 200 EMA above $20 with nice follow through to $25. Now it is flagging (handle) above 200EMA and on Friday broke up and looks ready to continue. Stock is pretty slow on daily basis, so it is in my long term buy watchlist with entry here...
5/15/50 EMA cross. resistance at $23.10 poss spread or scalp bought call
Another Major Potential Double Top $ITB $XHB
DHI DH Horton Bouncing off lower channel
Looks like a rounding bottom for me, taking 23.20 will add conviction to this trade