Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $37.50 short put and a strike $32.50 long put offers a potential 7.53% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $32.50 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 34.05 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Lennar
The Blutarsky Moment
Tue, 31 Mar 2020 20:02:59 +0000
The coronavirus has done a surprise attack on the US stock market and economy over the last six weeks Continue reading…
KB Home (KBH) Q1 Earnings Beat, Stock Up on Solid Deliveries
Fri, 27 Mar 2020 14:54:02 +0000
Benefits from higher home deliveries and average selling price help KB Home (KBH) to post better-than-expected fiscal Q1 results. However, it suspends its guidance owing to coronavirus crisis.
How Does Lennar's (NYSE:LEN) P/E Compare To Its Industry, After The Share Price Drop?
Fri, 27 Mar 2020 13:32:36 +0000
To the annoyance of some shareholders, Lennar (NYSE:LEN) shares are down a considerable 35% in the last month. The…
Lennar nabs $45M construction loan for apartments in Miami's Wynwood
Fri, 27 Mar 2020 11:32:24 +0000
The multifamily arm of Lennar Corp. obtained a $44.88 million construction loan to build an apartment complex in Miami’s Wynwood neighborhood. Santander Bank was the lead lender on the mortgage to LMV II Wynwood Holdings, part of the Miami-based residential developer (NYSE: LEN). Lennar is best known for its massive homebuilding operations, but it is also a large apartment developer working with a pool of investor funds.
Homebuilder ETFs rise as analysts remain bullish
Thu, 26 Mar 2020 19:10:00 +0000
Two exchange-traded funds that track homebuilder stocks are outperforming broader benchmarks as Wall Street analysts say the macro outlook for new residential construction remains strong and the recent sell-off overdone. The iShares U.S. Home Construction fund is up 23% this week, while the SPDR S&P Homebuilders ETF has gained 22.6%, both dwarfing the 12.6% gain in the S&P 500 in that time. On Tuesday, Keybanc analysts upgraded shares of KB Home, calling the risks "tilting to favorable." On Thursday, Raymond James analyst Buck Horne released an analysis that found builders like KB Home and Pulte Group Inc. had enough cash on hand to manage for years with zero cash flow.
Also on Market Tamer…
Follow Us on Facebook