Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $42.00 short put and a strike $37.00 long put offers a potential 13.9% 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 $42.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $37.00 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 64.2 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lennar
Weather, Low Inventory Keep January Home Sales Flat
Fri, 28 Feb 2014 17:03:00 GMT
Investor's Business Daily – Pending home sales were little changed in January from December, the National Association of Realtors said Friday morning, blaming continued bad weather and low inventory, especially in the West, for holding …
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Fri, 28 Feb 2014 16:56:18 GMT
Very bullish on housing: LaVorgna
Fri, 28 Feb 2014 15:01:00 GMT
LENNAR CORP /NEW/ Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Thu, 27 Feb 2014 21:47:30 GMT
Comeback of Subprime Mortgages And First-Time Buyers?
Thu, 27 Feb 2014 20:07:00 GMT
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