LENnice simple setup here after a long run stock corrected from 43$ to strong support around 32$ first resistence at 37.75 broken today on nice vol. stock looking to retest high at 43$. 1st target 40$ stop at close below 36.5$ 1st target is close so will raise stop at firt target to 37.75 GLLongby A_SwissaPublished 220
LENLooks very Bullish on this chart. Much to like. Multi. Top breaks soon. Note volume footprint.Longby fiblinePublished 1
Bond Yields Up, These Stocks Move Almost everyone in the financial media has been talking about the yield on the 10-year U.S. Treasury Note. When the yield moves higher, the home-builder stocks, real estate investment trusts (REITs), and the utility sector will usually suffer. All of these important sectors are very sensitive to higher interest rates. Today, the leading home-builder stocks such as Lennar Corp (LEN), Toll Brothers Inc (TOL), DR Horton Inc (DHI), and PulteGroup, Inc (PHM) are all trading higher as yields have pulled back from the near term highs made last week. Day traders that are following LEN stock should watch for intra-day resistance around the $35.76, and 36.43 levels. Nicholas Santiago www.InTheMoneyStocks.comShortby InTheMoney_StocksPublished 0
The Roof Leaks Lennar Corp (NYSE:LEN) And The Homebuilders This morning, most of the leading home-builder stocks are coming under some selling pressure despite the higher stock indexes. The decline in the home-builder stocks is likely due to the increase in the 10-year U.S. Treasury yield. Today, bond yields are ticking higher by 4 basis points to 2.64 percent. Higher yields have hurt the home-builder stocks recently. Lennar Corp (NYSE:LEN) is a leading home-builder stock that is trading lower at the start of today's session. Day traders can watch for intra-day support around the $24.47, and $33.66 levels. These are two levels where the stock is likely to stage a small bounce. Presented to the Rant & Rave Blog by Nick Santiago October 04, 2013 10:32AMLongby InTheMoney_StocksPublished 0
LENPotential Descending Wedge - NOT confirmed. May just be a bounce off the 100wma. Price you easily traverse back down to get closer to Broadening Formation Target before playing out the wedge formationby KLangPublished 1
DOUBLE-TOP for LENNAR (LEN)It looks like it is time to clean the decks on this stock and test the longs with a good old fashioned sell off. This latest overall market strength didn't include the home builders and therefore is a crack in the bull market, or at least just a rotation out of the leaders as folks re-balance their portfolios at quarter end and lighten up on some of the big winners. It's time to put these on your short-candidate list and short them. The regression channel has been violated and retested and has fallen back out of it again. 41-42 is very heavy resistance so my stop would be just above that zone. A break UNDER $34 is a good target. $39.73 last. Technical Tim 4:01PM EST Tuesday April 9, 2013 Shortby timwestPublished 11112
LEN - Lennar HOMEBUILDERS TOPPINGThe rally appears to be over on the long term and the short term for LEN and other home-builders. There is a good trade setting up here to go short LEN and look for downside in the neighborhood of 10% over the next quarter. The risk is a rally of 10%, so unfortunately the risk is equal to the reward but I believe the odds of the decline are greater, far-greater than the odds for a rally. Note the distribution pattern just above current levels. This is long term sellers unloading shares and that is an indication of a change in trend. $38.88 last. Target under $34 Risk to the highs $43 Tim 12:27PM EST, Thursday Feb 28, 2013Shortby timwestPublished 113