Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 9.89% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $35.00 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.
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 Said to Reach California Land Deal for 3,000 Homes
Sat, 31 May 2014 21:56:34 GMT
Pending home sales rose but still let down builders like Ryland
Fri, 30 May 2014 15:47:52 GMT
Market Realist – The Pending Home Sales Index (the PHSI), a proprietary index from the National Association of Realtors based on contract signings, rose 0.4%, to 97.8 in April from 97.4 in March.
April pending home sales up 0.4%
Thu, 29 May 2014 14:00:00 GMT
Kors, Qihoo Among 5 Top Stocks With 99 EPS Ratings
Thu, 29 May 2014 12:02:00 GMT
Higher Home Prices Help Toll Bros. Top Quarterly Views
Wed, 28 May 2014 13:06:00 GMT
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