Lennar Corporation is close to an area that might stop the downward trend.

From a fundamental viewpoint, the company shows positive elements with an estimated P/E of 14.2x for the current year. Furthermore, the EV/Sales ratio is 1.5x and it confirms the low valuation. Revenues and earnings growth rates add relevance to this investment.

From a technical viewpoint, the trend is neutral in the short term. The security is trading between USD 46.24 and USD 52.1. The latest downtrend pushed the security upon contact with important levels (in the long-term) and to a daily trendline. The weekly support, respectively at USD 47.3, could stop the bearish trend of these last days.

In consequence, investors will open a long trade in the current area, in order to benefit from a technical rebound. The USD 52.1 is the main goal. This strategy should be covered by a stop loss placed under the USD 46.24 support because a breakdown of this level would invalidate it.