Lennar's most recent trend suggests a bearish bias. One trading opportunity on Lennar is a Bear Call Spread using a strike $34.00 short call and a strike $39.00 long call offers a potential 22.85% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $39.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Lennar 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 Lennar is bearish.
The RSI indicator is at 25.54 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lennar
Eagle Home Mortgage Announces Expansion Into New Markets
Tue, 12 Nov 2013 23:35:00 GMT
PR Newswire – SEATTLE, Nov. 12, 2013 /PRNewswire/ — Eagle Home Mortgage, a Seattle-based mortgage banker and financial services subsidiary of Lennar Corporation (NYSE: LEN & LEN.B), today announced its plans to expand …
5 States Where Home Prices Are Rising the Fastest
Tue, 12 Nov 2013 15:30:00 GMT
Motley Fool – According to the latest Case-Shiller 20-City Index reading, home prices are up 12.8% year over year, leading to big gains for homeowners in these five states.
Pisani's market close: Tech strong throughout day
Mon, 11 Nov 2013 21:00:00 GMT
CNBC – CNBC's Bob Pisani looks at the day's market action with the Dow hitting another record high. Home builders were laggards while tech helped push the markets higher.
Home builders hit hard
Sat, 09 Nov 2013 00:44:00 GMT
CNBC – CNBC's Seema Mody reports on a few major news headlines Friday night, including the hit to rate-sensitive home builder stocks like Pulte and Toll Brothers.
Treasury yields spike, Lennar, Pulte shares fall
Fri, 08 Nov 2013 21:35:40 GMT
MarketWatch – WASHINGTON (MarketWatch) — Shares of home builders fell Friday as the yield on the 10-year Treasury note spiked, following the government's release of a surprisingly strong jobs report for October. Shares …
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