DR Horton (DHI) Offering Possible 32.28% Return Over the Next 21 Calendar Days

DR Horton's most recent trend suggests a bearish bias. One trading opportunity on DR Horton is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 32.28% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock rose above the $95.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for DR Horton is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for DR Horton is bearish.

The RSI indicator is at 22.38 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for DR Horton

Existing home sales fall in August
Wed, 22 Sep 2021 14:00:05 +0000
Existing home sales fell 2% to a seasonally adjusted 5.88 million units in August from a month earlier, according to the National Association of Realtors (NAR). July sales were revised slightly upward to 6 million units.

D.R. Horton (DHI) Q4 & FY21 View Trimmed, Supply Woes Exist
Tue, 21 Sep 2021 16:13:04 +0000
D.R. Horton (DHI) witnesses intense supply chain disruptions and a tight labor market in the fourth quarter of fiscal 2021.

New-Home Construction Bounced Back. But Shortages and Affordability Issues Persist.
Tue, 21 Sep 2021 15:09:00 +0000
Construction of new homes bounced back from its previous month’s slump in August, even as builders warn of ongoing supply chain headwinds. The seasonally adjusted annual rate of new housing units started rose to 1.62 million, up from a revised 1.55 million in July, according to Census Bureau data released Tuesday. Consensus had expected a month-over-month drop to a seasonally-adjusted annual rate of 1.60 million.

Lennar Is Just the Latest Housing Disappointment. Its Stock Is Dropping.
Tue, 21 Sep 2021 14:14:00 +0000
Monday was a bad day for housing after D.R. Horton (ticker: DHI) lowered its quarterly sales guidance—and Tuesday doesn’t look much better after Lennar (ticker: LEN) missed sales expectations for the third quarter after the close. Supply constraints are to blame, and home builder stocks are falling. Lennar reported earnings for the third quarter and missed sales expectations, but beat EPS estimates.

Housing Starts Get Multi-Family Boost, But Supply Chain Issues Linger
Tue, 21 Sep 2021 09:10:00 +0000
U.S. housing starts surprised to the upside in August, but homebuilders continue to caution that supply chain disruptions will curb activity over the final months of the year.

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