LENNAR CORPORATION

LEN
Delayed Quote. Delayed  - 10/26 04:10:00 pm
75.02USD -4.15%

Lennar Corporation : The technical configuration is positive

Nathan Houtch
Junior Analyst

Strategy published on : 09/23/2020 | 11:57

long trade
Stop-loss triggered

Entry price : 79.48$
Target : 85$
Stop-loss : 75.9$
Potential : 6.95%

Shares in Lennar Corporation show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 85.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The group usually releases upbeat results with huge surprise rates.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● For the past twelve months, EPS forecast has been revised upwards.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 50.64 USD


Weaknesses

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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