Lennar’s most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 9.41% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $30.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Lennar is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Lennar is bullish.
The RSI indicator is at 61.89 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Lennar
Purchase applications rise and rates fall as the shutdown ends
Thu, 24 Oct 2013 21:15:03 GMT
Market Realist – The MBA Purchase Index rose by 0.7% for the week ending October 18 The MBA Purchase Index rose by 0.7% last week, which is unsurprising, given that rates fell. One…
PulteGroup Tops Earnings & Revs, Orders Fall
Thu, 24 Oct 2013 17:30:05 GMT
Zacks – PulteGroup posted third quarter 2013 adjusted earnings of 45 cents per share, which surpassed the Zacks Consensus Estimate of 34 cents by 32.3%.
Owens Corning plunges on Q3 data
Wed, 23 Oct 2013 21:22:00 GMT
CNBC – Discussing whether Owens Corning is ripe for a takeover, with Bob Wetenhall, analyst for RBC Capital Markets. “In the right hands, this could warrant a takeover at a satisfiable premium,” he …
Existing home sales: Issue for consumer?
Mon, 21 Oct 2013 14:04:00 GMT
CNBC – Nick Colas, ConvergEx Group, and Diane Swonk, Mesirow Financial, discuss the impact of falling existing home sales on the overall markets. It’s a real problem for first time buyers with overhang of student …
Existing home sales in Sept. down 1.9%
Mon, 21 Oct 2013 14:00:00 GMT
CNBC – CNBC’s Diana Olick reports September existing home sales slipped lower-than-expected, as the annual pace slows.
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