Lennar Corporation : A trading opportunity
Entry price | Target | Stop-loss | Potential |
---|
US$48.23 |
US$0 |
US$46.8 |
-100% |
---|
Take advantage of the bullish trend forming.
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).
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