Long Position on DHI @ $29.95 on 9/23/2015 (Momentum)

Upward Trading Channel on DHID.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 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, and Crown Communities.

The company constructs 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; and provision of title insurance policies, and examination and closing services. The company primarily serves title insurance agents, homebuyers, and homebuilding customers. 

Shares are heading higher in an upward trading channel. Presently, shares are the lower bondary of the said channel. The lower boundary of the channel coincides with the stock's 50-day moving average shown in red. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $19.29 - $33.06

Entry Point: $29.95

Stop Loss: $28.40

Target Price: $33.00

Updates

11/2/2015 12:30:59 PM

DHI closed at $29.60 after its 30 days expired.

Position closed on 11/2/2015 at price of $29.60 with a -1.17% loss in 40 days.

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