This Stock May Be Signaling Lower Prices For Home Builders
InTheMoneyStocks.com | Sep 21, 2017 02:52PM ET
Leading home-builder Lennar Corporation (NYSE:LEN) has been steadily falling since June 20, 2017. Back then, the stock traded as high as $55.75 a share. Since then, LEN has declined to $50.32 a share and is now trading below its 50-day moving average, which puts it in a weak technical position. If Lennar trades and closes below its 200-day moving average, it would be very negative for the stock.h3 Levels To Watch/h3
Traders and investors will need to watch the $46-to-$47 levels as the next major support areas for the stock. This will likely be a very attractive level for a bounce in the share price.
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