Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 7.99% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $32.00 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 35.85 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
New York: Manufacturing goes down, but employment indicators rise
Thu, 17 Apr 2014 22:11:04 GMT
This Housing Gauge Fails to Build Confidence
Wed, 16 Apr 2014 15:55:19 GMT
Wall St. Cheat Sheet – The quality and longevity of the housing recovery remains questionable.
Homebuilders Mixed On Housing Starts, Permit Data
Wed, 16 Apr 2014 15:12:00 GMT
Scarce land could blunt recovery for U.S. homebuilders
Tue, 15 Apr 2014 18:08:30 GMT
Reuters – A resurgent U.S. housing market has created an unforeseen land shortage that could take the shine off an otherwise promising year for homebuilders. To keep up with demand, builders who neglected to buy …
LENNAR CORP /NEW/ Financials
Tue, 15 Apr 2014 17:04:11 GMT
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