DR Horton's most recent trend suggests a bearish bias. One trading opportunity on DR Horton is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 26.58% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $82.50 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 42.62 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
The labor shortage is nothing new for this industry: Morning Brief
Tue, 05 Apr 2022 10:14:20 +0000
Top news and what to watch in the markets on Tuesday, April 5, 2022.
D.R. Horton (DHI) Gains But Lags Market: What You Should Know
Mon, 04 Apr 2022 22:15:10 +0000
D.R. Horton (DHI) closed at $76.66 in the latest trading session, marking a +0.63% move from the prior day.
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Fri, 01 Apr 2022 23:45:11 +0000
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D.R. Horton community planned for site near Pearland High School
Fri, 01 Apr 2022 21:00:33 +0000
Arlington, Texas-based homebuilder D.R. Horton Inc. (NYSE: DHI) plans to develop a 110-acre residential community in Pearland, at State Highway 35 and Bailey Road, close to Pearland High School. The Pearland City Council on March 28 approved rezoning the property from industrial to residential, Community Impact Newspaper reported. A previous version of the plan included a recreation center, but that was scrapped because it was too close to the Burlington Northern Santa Fe Railroad on the property’s west side, John McDonald, Pearland’s director of community development, told the Houston Business Journal.
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