Lennar Corporation : A trading opportunity
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$48.23 | $0 | $46.8 | -100% |
Analysts following the stock are expecting around 10% growth for revenues every year.
Graphically, buyers influence have been downsized. As the trend in the short term became neutral after a profit taking phase, the USD 48.2 support should give the impetus to reach the USD 51.45, next pivot point in daily data.
In presence of this pattern, a technical rebound should happen in the current area. This configuration has the USD 51.45 and USD 53.2 as targets.
Investors could take a long position at current prices in order to benefit from an interesting entry point for a stop below the medium term support (USD 47).