DR Horton (DHI) Offering Possible 20.19% Return Over the Next 27 Calendar Days

DR Horton's most recent trend suggests a bullish bias. One trading opportunity on DR Horton is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 20.19% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $30.00 long put 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 up which suggests that the medium-term momentum for DR Horton is bullish.

The RSI indicator is at 48.81 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

Order Cancellations Weigh on Housing ETFs: What Lies Ahead?
Thu, 16 Apr 2020 17:00:05 +0000
Big housing companies have been seeing order cancellations. However, still-open construction sites that add to the inventory and lower rates may perk up homebuying once the crisis is over.

Home-builder confidence plummets to lowest level since 2012 as coronavirus disrupts construction activity
Wed, 15 Apr 2020 14:43:00 +0000
The index from the National Association of Home Builders posted its largest monthly decline ever in April.

D.R. Horton's Q2 Sales Strong, March Cancellation Rate Rises
Wed, 08 Apr 2020 15:50:03 +0000
Although D.R. Horton (DHI) reports strong Q2 orders, its March cancellation rate rises due to coronavirus pandemic.

Zacks Industry Outlook Highlights: D.R. Horton, PulteGroup, Century Communities, TRI Pointe and Taylor Morrison Home
Wed, 08 Apr 2020 14:21:02 +0000
Zacks Industry Outlook Highlights: D.R. Horton, PulteGroup, Century Communities, TRI Pointe and Taylor Morrison Home

Homebuilding on Solid Footing Despite Coronavirus Pandemic
Tue, 07 Apr 2020 13:03:01 +0000
Homebuilding on Solid Footing Despite Coronavirus Pandemic

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