The Ryland Group, a leading national homebuilder traded on the NYSE, is expected to rebound on the USD 41.14 major short term support.

The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expect sales to grow for the fiscal year at USD 1308 million against USD 891 million for the previous year.

The Ryland Group is in an uptrend in the medium and long term, but the last bearish movement returns close to a major support level. This threshold, if preserved, will enable to enjoy the bullish movement. The support of the 100-day moving average could lead the security towards the USD 45.25 short term resistance and, then, the USD 50 long term resistance.

In this configuration, investors could take a buy order at the current price and get a good entry point with a stop below the short term support.