D.r. Horton, Inc. (dhi) Set To Move To Higher Ground?

Discussion in 'Investment Charts' started by Chartman, Jun 9, 2018.

  1. Chartman

    Chartman Senior Investor

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  2. Buyonthedips

    Buyonthedips Senior Investor

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    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?
     
  3. Chartman

    Chartman Senior Investor

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    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.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    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?
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    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!
     
  6. Chartman

    Chartman Senior Investor

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  7. gowiththeflow

    gowiththeflow Senior Investor

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    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.
     
  8. longtermbull

    longtermbull Administrator Staff Member

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    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?
     
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