DHI trade ideas
$DHI Breakout$DHI is due breakout from the triangle. I am thinking this is possible as early as next week if Market Conditions are favorable.
Earnings is on 07/27 and may be that is a Trigger given the season of remodeling / hurricanes etc
Short DHIMight try to touch purple, but ether way its touching light blue and possibly breaking through.
DHI Breaking OutThis stock has formed a cup over last 11 months, handle over past 1 month, and broken out about 5% from top of cup since then. Showed a breakout on some news last week and if pattern holds it could go another 20% over next month or so???
DR Horton Huge Cup and Handle BreakoutFormed a huge cup over period of year, formed handle over period of month, brokeout recently and could be poised to run!
D R Horton BreakoutStock brokeout after months of consolidation, could wait for pullback over next week then buy
DHI high volume close above $26 signficant?DHI closed at highs not seen since Apr 2013, above the key $26 level, in general strength across the board in this sector and a strong end of week close is suggestive of further buying potential. we have a profit target of $29 on the underlying but would be happy with an OTM call or even covered call as strategy selection.
DHI - appears to be a great bullish gap. DHI - appears to be a perfect gap and go. Clears a pivot. Black candle on Friday on the daily, hourly, 15, 5 min.
We will look at the first 2 mins to see size of candle. IF they are small, we will take the 2 min high bullish and place stop below the 2 min low.
