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  • Home-builder Stocks Show Early Relative Strength 0 comments
    May 14, 2012 10:27 AM | about stocks: LEN, TOL, NVR, DHI, MDC

    This morning, all of the leading home-builder stocks are showing some early strength despite the over-all stock market weakness. This industry group is displaying good intra-day relative strength and could lead the markets higher if bounces take place in the major stock indexes. Lennar Corp (NYSE:LEN) is considered to be one of the leading home-building stocks in the sector. LEN stock is trading higher by 0.65 cents to $29.10 a share. Short term traders should watch for intra-day resistance around the $29.20, and $29.75 levels.

    Some of the other leading home-builder stocks that are trading higher today include NVR, Inc. (NYSE:NVR), D.R. Horton, Inc. (NYSE:DHI), M.D.C. Holdings, Inc. (NYSE:MDC), and Toll Brothers, Inc. (NYSE:TOL). This sector has been very strong throughout 2012. As long as interest rates remain at extremely low levels this sector should continues to hold up.

    Nicholas Santiago

    (click to enlarge)

    Stocks: LEN, TOL, NVR, DHI, MDC
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