DR Horton (DHI) Offering Possible 38.5% Return Over the Next 17 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 $88.00 short call and a strike $93.00 long call offers a potential 38.5% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $88.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock rose above the $93.00 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 23.32 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 (DHI) Stock Sinks As Market Gains: What You Should Know
Fri, 24 Sep 2021 21:45:09 +0000
D.R. Horton (DHI) closed the most recent trading day at $87.04, moving -0.32% from the previous trading session.

3,000-acre development in New Bern could be sign of major growth ahead for NC coast
Thu, 23 Sep 2021 11:10:05 +0000
As the North Carolina coast attracts more in-migration, a massive development is slated to have up to 1,500 homes – in Phase I alone.

Existing home sales fall in August
Wed, 22 Sep 2021 14:00:05 +0000
Existing home sales fell 2% to a seasonally adjusted 5.88 million units in August from a month earlier, according to the National Association of Realtors (NAR). July sales were revised slightly upward to 6 million units.

D.R. Horton (DHI) Q4 & FY21 View Trimmed, Supply Woes Exist
Tue, 21 Sep 2021 16:13:04 +0000
D.R. Horton (DHI) witnesses intense supply chain disruptions and a tight labor market in the fourth quarter of fiscal 2021.

New-Home Construction Bounced Back. But Shortages and Affordability Issues Persist.
Tue, 21 Sep 2021 15:09:00 +0000
Construction of new homes bounced back from its previous month’s slump in August, even as builders warn of ongoing supply chain headwinds. The seasonally adjusted annual rate of new housing units started rose to 1.62 million, up from a revised 1.55 million in July, according to Census Bureau data released Tuesday. Consensus had expected a month-over-month drop to a seasonally-adjusted annual rate of 1.60 million.

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