Looks like things may be afoot in the background? Jun-08-18 Bulls bet on D.R. Horton and this tech stock CNBC Videos Jun-06-18 Home prices expected to rise faster than wage growth & inflation Yahoo Finance Video Jun-05-18 Can DR. Horton Inc.s (NYSEHI) ROE Continue To Surpass The Industry Average? Simply Wall St. May-31-18 5 Undervalued Home Builder Stocks Investors Should Watch InvestorPlace
Oops, looks like this one was called wrong in the short term. Support at $40 and resistance at $42, is the price due a period of consolidation?
Creeping back for a go at the next resistance level? Called it wrong in June but moving averages seem to be moving in the right direction.
In general an improvement in housebuilders can often indicate expectations of improved economic performance? Might be worth looking at some of the smaller housebuilders which have been oversold recently?
This little gem is trying very hard to break through the resistance at around $43. Personally, if the US economy is still in recovery mode then the housing sector will benefit which should be reflected to a greater extent in relatively small companies. They are high-risk, but they are potentially high return!
Nobody seems overly concerned about the fall:- http://www.stockmarketstop.com/sizzling-stock-d-r-horton-inc-dhi/87114905/ https://www.bitcoinpriceupdate.review/2018/07/23/investors-love-this-stock-d-r-horton-inc-dhi/ Interesting to see if there is any further selling pressure follow through today.
It looks as though the share price may well consolidate just above the support line after a relatively sharp bounce back after recent falls. Interesting to see that there was significant volume behind the rise in the share price which would suggest a return of confidence.
Looks to me like the shares will soon be testing the next resistance level just above $45. I wonder if we will see consolidation in the house building sector as companies look to reduce costs and maximise profits?