DR Horton's most recent trend suggests a bullish bias. One trading opportunity on DR Horton is a Bull Put Spread using a strike $74.50 short put and a strike $69.50 long put offers a potential 25.31% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $74.50 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock dropped below the $69.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for DR Horton is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for DR Horton is bullish.
The RSI indicator is at 78.84 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for DR Horton
Dow Up 250 Points, Zoom Retreats; This Megacap Growth Stock Breaks Out
Mon, 24 Aug 2020 18:29:59 +0000
The Dow Jones Industrial Average at one point gained more than 1.1%, or around 300 points, during late-afternoon trading in the stock market before seeing some of that gain fade. Still, it overpowered a nearly 0.
Top Stock Picks for Week of August 24, 2020
Mon, 24 Aug 2020 17:50:05 +0000
An Ecommerce Company and Homebuilder Turning In Solid Performance.
D.R. Horton (DHI) is a Great Momentum Stock: Should You Buy?
Mon, 24 Aug 2020 16:00:04 +0000
Does D.R. Horton (DHI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Will D.R. Horton Gain Further on Blooming Housing Prospect?
Mon, 24 Aug 2020 15:18:03 +0000
Strength in the market, affordable homes and strategic initiatives will likely drive the performance of D.R. Horton (DHI) going forward.
D.R. Horton and Brooks Automation Show Value Plus Momentum
Mon, 24 Aug 2020 14:56:11 +0000
These 4 stocks all sell for 15 times earnings or less, and have advanced at least 21% in the past three months
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