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Home-builder Stocks Lose Momentum

Posted, by inthemoneystocks on July 17th, 2012

This morning, all of the leading home-builder stocks are losing some steam. This industry group has been the one of the strongest stock sectors in 2012. Lennar Corp (NYSE:LEN) is considered to be one of the leading home-builder stocks in the important sector. Today, LEN is trading lower by 0.79 cents to $30.60 a share. Short term traders should watch for intra-day support around the $30.48, and $30.00 levels. The daily chart of LEN stock is still in an uptrend, the stock price remains trading above the important daily chart 50, and 200 moving averages.   ...

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Authored by, inthemoneystocks
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DHI | KBH | LEN | TOL
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General Market News, LEN, TOL, dhi, kbh
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