DR Horton (DHI) Offering Possible 31.23% Return Over the Next 9 Calendar Days

DR Horton's most recent trend suggests a bearish bias. One trading opportunity on DR Horton is a Bear Call Spread using a strike $56.50 short call and a strike $61.50 long call offers a potential 31.23% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $56.50 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $61.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for DR Horton 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 DR Horton is bullish.

The RSI indicator is at 58.11 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

D.R. Horton Shows Improved Relative Strength; Still Shy Of Benchmark
Mon, 08 Jun 2020 22:55:00 +0000
The Relative Strength (RS) Rating for D.R. Horton headed into a higher percentile Monday, as it got a lift from 70 to 77. When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Why These 3 Top Housing Stocks Jumped More Than 15% in May
Mon, 08 Jun 2020 19:53:00 +0000
Housing-related stocks, including homebuilder D.R. Horton (NYSE: DHI), home improvement retailer Lowe's (NYSE: LOW), and flooring specialist Lumber Liquidators (NYSE: LL), saw big gains in May, according to data provided by S&P Global Market Intelligence. Shares of D.R. Horton, the largest residential homebuilder in the U.S. by number of units sold, were up 17.1% for the month. Meanwhile, Lowe's shares soared 24.4%, and Lumber Liquidators stock skyrocketed an eye-popping 41% in May (thanks in part to a surprisingly good first-quarter earnings report on May 28).

KB Home Up 31% Over a Month: Is There More Room to Run?
Mon, 01 Jun 2020 14:18:02 +0000
KB Home's (KBH) focus on first-time home buyers and growth initiatives is likely to drive growth.

Low Mortgage Rates Put Housing Stocks Back on Possession Track
Fri, 29 May 2020 16:34:04 +0000
Housing demand to rebound from the pathetically low mortgage rates, making home buying an affordable affair.

Why Is D.R. Horton (DHI) Up 21.2% Since Last Earnings Report?
Thu, 28 May 2020 15:31:03 +0000
D.R. Horton (DHI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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