Long Position on DHI @ $23.95 on 6/12/2014 (Momentum)

D.R. Horton, Inc. (DHI) operates as a homebuilding company.

It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 78 markets in the United States under the D.R. Horton, America’s Builder, Emerald Homes, and Breland Homes.

The company builds traditional single-family detached homes; and attached homes, such as town homes, duplexes, triplexes, and condominiums.

It is also involved in the origination and sale of mortgages, as well as provides title insurance policies and closing services. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm reports earnings on July 22.

52-Week Trading Range: $17.52 - $25.06

Entry Point: $23.95

Stop Loss: $22.75

Target Price: $26.35  

Updates

7/14/2014 10:06:41 AM

DHI closed as its 30 days expired withour reachig our target price. Closed at $24.20.

Position closed on 7/14/2014 at price of $24.20 with a 1.04% gain in 32 days.

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