Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 5.71% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $34.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Lennar 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 Lennar is bullish.
The RSI indicator is at 66.95 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 Lennar
LENNAR CORP /NEW/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Mon, 10 Feb 2014 21:50:21 GMT
RBC Sees 20%+ Upside in KB Home, Lennar, Pulte
Mon, 10 Feb 2014 20:48:00 GMT
Millions of Americans are “leaving money on the table”: The case for refinancing
Mon, 10 Feb 2014 17:11:55 GMT
Why the first-time homebuyer is the last piece of the puzzle
Fri, 07 Feb 2014 21:00:13 GMT
Market Realist – The first-time homebuyer has had a number of big issues to contend with. The biggest one has been a lousy job market for recent college graduates.
U.S. Home Sellers Return for Spring as Buyers Get Relief
Fri, 07 Feb 2014 05:01:00 GMT
Bloomberg – Suzanne Baker and her siblings bought a foreclosed home in Atlanta two years ago, added a fourth bathroom, then waited for values to rebound before considering a sale. It was purchased as an investment for about $375,000 in late 2011, before bulk buyers snapped up many of the area’s distressed homes, helping to drive up prices in Atlanta by more than 25 percent. While new-home construction at a third of its 2006 peak will keep inventory tight, the supply increase is poised to damp price gains while higher mortgage rates cut into demand. Prices “won’t be rising as much as they were rising last spring.” said Jed Kolko , chief economist of San Francisco-based Trulia Inc. (TRLA), operator of an online property-listing service.
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