KB Home has been gaining steadily with the recovery in the housing market since 2009. The industry as a whole is enjoying solid demand from a recovering economy and a limited inventory. KB Home has been enjoying a steady boost to its business from increased rentals. The company has put effort on increasing revenues per community and profits per unit, boosting...
KBH is also from our last weeks trading room discussion, Part of homebuilders industry which has big selling and high p/e ratios. As discussed it is continuing to breakdown. It crossed down SMA50 & MA100, moneyflow deep in the down & seems breaking down from a complex head & shoulder formation. We are looking to short at the break of 14.83 You can check our...
KBH It crossed down SMA50 & MA100, moneyflow deep in the down & seems breaking down from a complex head & shoulder formation.
KBH expected to open at 14.77 for a Gap N Go. To learn to trade for free go to www.RealLifeTrading.com
Housing SUCKS. This is the SLOW season coming up, to make it worse. New housing apps down to lowest level in forever, everything about housing SUCKS. GREAT SHORT HERE. Update 11/21: I was a little early on this short! I was happy to buy a few cheap $33.5 weekly puts for next week. I typically don't like to buy options at the end of the week to carry into the...
Home prices are falling, less and less applications for homes, and rising interest rates... nothing is going well for the housing hangover...