Yahoo Finance StockCall Scrutinizes DHI, HOV, LEN, and BZH
New York City, New York -- (May 03, 2013)
The U.S. housing market is continuing to see a robust recovery. Data released earlier this week showed that home prices in 20 U.S. cities rose 9.3% in the month of February. A separate report released this week showed that pending home sales rose more than forecast in March. With the main driving factors for the improvement in housing market still in place, the recovery is expected to continue at a robust pace. This augurs well for homebuilders, which were among the best performing stocks in 2012. Homebuilders ended mostly higher in Thursday’s trading session, tracking gains in the broad market, which rallied on the back of better-than-expected initial jobless claims data. Among the major movers were D.R. Horton Inc. (NYSE:DHI - News), Hovnanian Enterprises Inc. (NYSE:HOV - News), Lennar Corporation (NYSE:LEN - News), and Beazer Homes USA Inc. (NYSE:BZH - News). StockCall reviewed the Residential Construction industry and chose DHI, HOV, LEN, and BZH for its technical coverage. These free reports can be seen for free at
Shares of D.R. Horton Inc. rose sharply in trading on Thursday. The stock rose to an intra-day high of $26.53 before finishing the day 3.28% higher at $26.42 on above average volume of 6.29 million. Despite the gains yesterday, D.R. Horton’s shares are down nearly 0.40% in the last three trading sessions. The stock, however, has gained more than 33.50% so far in 2013, continuing its excellent run from last year. The company’s shares are currently trading nearly 3.30% below their 52-week high. Download the free research on DHI by signing up now at
www.StockCall.com/DHI050313.pdf
Shares of Hovnanian Enterprises Inc. rallied in yesterday’s trading session, reversing all of its losses from previous sessions. The stock closed 5.61% higher at $5.65 on above average volume of 6.17 million after trading between $5.40 and $5.71. The company’s shares also moved above their 50-day moving average on Thursday which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. Hovnanian Enterprises’ shares face stiff resistance at around $5.75. Register for today’s free analysis on HOV at
www.StockCall.com/HOV050313.pdf
Another homebuilder that rose sharply on Thursday was Lennar Corp. Shares of the Miami, Florida-based company closed 3.84% higher at $41.92 on volume of 3.98 million after touching an intra-day high of $42.21. Lennar’s shares are currently trading close to their 52-week high of $43.90. The stock has gained more than 8.60% so far this year as compared to a gain of over 12% for the S&P 500. The company’s shares are currently trading above their 50-day and 200-day moving averages which is a bullish signal. Free report on LEN can be accessed by registering at
www.StockCall.com/LEN050313.pdf
Shares of Beazer Homes USA Inc. surged in trading yesterday after the company reported that its second quarter loss narrowed. The stock rose to an intra-day high of $18.92 before paring some of the gains to finish the day 10.30% higher at $18.52 on above average volume of 6.60 million. The company’s shares have now gained more than 13% in the last three sessions. Year-to-date, the stock has gained more than 9.60%, underperforming the S&P 500. Shares of BZH have crossed their 50-day and 200-day moving averages recently which is a strong bullish signal.Register withStockCall and download the research on BZH for free at
www.StockCall.com/BZH050313.pdf
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