LENLEN looks like a nice candidate for a breakout play. We even have a cross on the macd. A close above the 110.61 will confirm the break.
LEN trade ideas
Lennar: Target of $108.50 Hit. Bank HereLennar: Target of $108.50 Hit. Bank Here
Let's find the next offshore trade.
Original idea attached
Trade Setup: Buy Lennar CorpLennar Corporation is a home construction and real estate company.
Inverse H&S, above pivot and 8, 21-EMA's, RSI bullish.
Current: $103.95
Buy Between: $103.30 and $103.95
Stop: $99.80
Target: $108.50
Lennar Replenishes Stock Repurchase Authorization, Up to $1.0 BiLEN: Lennar Corporation
2021-10-15 16:30:00
Lennar Replenishes Stock Repurchase Authorization, Up to $1.0 Billion
Pull Back Fishing Earnings 9-20 AMCEarnings are 9-20 After market closes.
Possible Bullish bat if price does not go much lower than the .886 fib level. A little bit is okay, but over a buck or so can turn this in to a different pattern like a double bottom etc. So if price goes much lower than 95.85, then a double bottom would be approximately 94ish, so not a huge difference.
This is a guess. Sometimes that is the best we can do as the future is an unknown variable.
Trading close to earnings is risky. I like the stock, and I think they will beat the numbers. It is the reaction to the numbers that count though.
No recommendation.
This was trading in a cup and handle pattern that was corrupted )o: The handle low has gone too far past mid cup at this point.
$LEN - Heavy volume todayLEN was down today but I saw buying in SMAs today. Checked volume and it was up. Still closed red but has a hammer. Will be on watch tomorrow for reversal.
LEN holding support on a pullbackAfter a strong breakout two weeks back, LEN pulled back to support on light volume and bounced. Now let's see if it can break this short-term trendline and move back towards highs.
$LEN with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $LEN after a Positive under reaction following its earnings release placing the stock in drift A
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LEN , to $105TECHNICAL ANALYSIS
EN//// Price bouncing over MA200 and on the trend line, it is also in a very strong area of support from previous prices, We have 2 Gaps above the current price for the close, We expect a recovery to $ 105
ES//// Precio rebotando sobre MA200 y en la linea de tendencia, además se encuentra en una zona muy fuerte de soporte de precios anteriores, Tenemos 2 Gaps por encima del precio actual para el cierre, Esperamos una recuperación hasta los $105.
Empresa con unos fundamentales fuertes:
1- deuda 5 veces inferior a sus activos,
2-Free Cash flow positivo
3- Nicho muy resistente
FEAR & GREED INDEX : 48 -Fear,, Está aumentando la confianza en el mercado y aumentando las compras,
“sea temerosos cuando otros son codiciosos, y sólo codicioso cuando otros son temerosos”
“be fearful when others are greedy, and only greedy when others are fearful” - Warren Buffett
PRICE TARGET:
HEDGE FUND TRACK:
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LEN LongI am long on LEN as I am bullish on the housing market. Also sold 108 calls against half of my position for 5/14/2021.
$LEN Homebuilder Setup Up for a Breakoutlittle inverse head and shoulders continuation pattern right under ATHs. Strong industry and looks like Lennar is looking for more upside into ATHs. One to watch this week.
Would like to see few more days of sideway movement before the start of the next run higher.
Lennar Corp Cl A (LEN)- BUILDS SINGLE-FAMILY ATTACHED AND DETACHED HOMES IN 19 STATES AND DEVELOPS/SELLS RESIDENTIAL LAND.
Len Lennar at resistanceLennar is at resistance but looks ready to push to new highs. Place this on your watch list and watch for confirmation.
LEN Can Beat Earnings, but There is Still Needed Balance BelowLEN looking for a beat this upcoming call to confirm it's current overhead price targets.
With price targets as high as $112, I see $99-$101 short term due to lower equilibrium needed.
I see $104-$106 as a mid-term goal, to then check back into most recent broken channel as new support channel.
$LEN - Adding to watchlistA close above this channel, and I may be interested. Let's see what it does tomorrow.
LENLove this setup. Pretty similar to how it looked in the early 90s. Could be early but I'm in with a tight-ish stop for now.
