Thursday, November 15, 2018 12:18:22 PM
As we all know, the leading home-builder stocks have been under severe selling pressure since late January 2018. Higher interest rates have been the catalyst for the decline in the sector. The Federal Reserve continues to signal that they will continue to steadily increase rates to a more normal level as long as the economy is strong. This action should keep the home-builder stock somewhat depressed for a bit. Many of the leading home-builder stocks have now fallen so much that they are actually looking attractive.
One particular home-builder stock that I'm watching closely is D.R. Horton Inc (NYSE:DHI). This stock topped out at $53.32 a share in January 2018. Today, the stock is trading around $33.30 a share. Traders and investors should now watch the $30.50 area as the next major support level. This is where the stock staged a breakout in February 2017. Often, when stocks test past break-out levels they will be defended by the institutional money. This is where I will be looking to enter DHI stock on the long side.
Gareth Soloway
InTheMoneyStocks
Recent DHI News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 05:02:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 05:51:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 05:50:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 05:50:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 05:22:20 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/28/2024 05:08:04 PM
- D.R. Horton, Inc. to Release 2024 Fourth Quarter and Fiscal Year-End Earnings on October 29, 2024 • Business Wire • 08/28/2024 01:00:00 PM
- D.R. Horton, Inc. Appoints Three New Independent Directors • Business Wire • 08/28/2024 10:55:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:05:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:05:22 PM
- Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Google Mandated to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 09:00:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 12:45:58 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 08/12/2024 12:18:06 PM
- D.R. Horton, Inc. Announces Pricing of $700 Million of 5.000% Senior Notes Due 2034 • Business Wire • 08/08/2024 12:00:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/07/2024 12:29:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 06:03:16 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 07/24/2024 08:47:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/23/2024 05:50:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/18/2024 05:49:59 PM
- D.R. Horton, Inc., America’s Builder, Reports Fiscal 2024 Third Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share • Business Wire • 07/18/2024 10:30:00 AM
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Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
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