Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 9.89% 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 $38.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $33.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Lennar
Stock winners and losers of 2013 offer lessons
Sun, 29 Dec 2013 03:01:14 GMT
USA TODAY – Investors look to future of markets by examining winners and losers on Wall Street.
Lennar revenues climb 42%
Fri, 27 Dec 2013 21:23:16 GMT
Market Realist – New orders increased 13% in units, to 4,498 homes, and the dollar value of new orders increased 34%, to $1.4 billion.
Lennar surprises to the upside
Fri, 27 Dec 2013 17:22:56 GMT
Market Realist – Lennar targets first-time, move-up, and active adult homebuyers. The average sales price of a Lennar home last year was $307,000.
Time to own homebuilders is now: Analyst
Fri, 27 Dec 2013 15:14:00 GMT
CNBC – Which homebuilders investors should own now, and how will new mortgage rules impact stocks, with Buck Horne, Raymond James housing analyst.
[$$] Home Builders Set for a Short Squeeze
Thu, 26 Dec 2013 19:34:00 GMT
Barrons.com – Raymond James & Associates Following last week's 6.1% drop, applications for purchase mortgages were down another 3.5% week-over-week to the lowest level since February 2012. The purchase index is currently …
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