Lennar is holding up very well and ready for more gainsNYSE:LEN broke out and retesting, any pullback towards 110$ is a buying opportunity. Targets and anticipated price action are shown on the chart, stop loss daily close below 20MA.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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LNN0 trade ideas
12/5/21 LENLennar Corporation ( NYSE:LEN )
Sector: Consumer Durable (Homebuilding)
Current Price: $112.32
Breakout price: $114.50
Buy Zone (Top/Bottom Range): $108.90-$111.65
Price Target: $120.00-$123.00
Estimated Duration to Target: 40-42d
Contract of Interest: $LEN 1/21/22 115c
Trade price as of publish date: $5.40/contract
Pull Back Fishing Earnings 9-20 AMCEarnings are 9-20 After market closes.
Possible Bullish bat if price does not go much lower than the .886 fib level. A little bit is okay, but over a buck or so can turn this in to a different pattern like a double bottom etc. So if price goes much lower than 95.85, then a double bottom would be approximately 94ish, so not a huge difference.
This is a guess. Sometimes that is the best we can do as the future is an unknown variable.
Trading close to earnings is risky. I like the stock, and I think they will beat the numbers. It is the reaction to the numbers that count though.
No recommendation.
This was trading in a cup and handle pattern that was corrupted )o: The handle low has gone too far past mid cup at this point.
$LEN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LEN after a Positive under reaction following its earnings release placing the stock in drift A
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LEN , to $105TECHNICAL ANALYSIS
EN//// Price bouncing over MA200 and on the trend line, it is also in a very strong area of support from previous prices, We have 2 Gaps above the current price for the close, We expect a recovery to $ 105
ES//// Precio rebotando sobre MA200 y en la linea de tendencia, además se encuentra en una zona muy fuerte de soporte de precios anteriores, Tenemos 2 Gaps por encima del precio actual para el cierre, Esperamos una recuperación hasta los $105.
Empresa con unos fundamentales fuertes:
1- deuda 5 veces inferior a sus activos,
2-Free Cash flow positivo
3- Nicho muy resistente
FEAR & GREED INDEX : 48 -Fear,, Está aumentando la confianza en el mercado y aumentando las compras,
“sea temerosos cuando otros son codiciosos, y sólo codicioso cuando otros son temerosos”
“be fearful when others are greedy, and only greedy when others are fearful” - Warren Buffett
PRICE TARGET:
HEDGE FUND TRACK:
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$LEN Homebuilder Setup Up for a Breakoutlittle inverse head and shoulders continuation pattern right under ATHs. Strong industry and looks like Lennar is looking for more upside into ATHs. One to watch this week.
Would like to see few more days of sideway movement before the start of the next run higher.
Lennar Corp Cl A (LEN)- BUILDS SINGLE-FAMILY ATTACHED AND DETACHED HOMES IN 19 STATES AND DEVELOPS/SELLS RESIDENTIAL LAND.
LEN Can Beat Earnings, but There is Still Needed Balance BelowLEN looking for a beat this upcoming call to confirm it's current overhead price targets.
With price targets as high as $112, I see $99-$101 short term due to lower equilibrium needed.
I see $104-$106 as a mid-term goal, to then check back into most recent broken channel as new support channel.