Here are a few homebuilders to put on your radar:
The first is Beazer Homes USA, Inc. [[BZH]] , who received some love from Citigroup. I love the chart as it is breaking out from a descending wedge, the 50 & 100 day are right underneath, which should provide pretty good support. I like the idea of buying this here with strength in the group.
Next up is Fly’s fav, Lennar Corporation [[LEN]] . The stock is sitting right @ the 50 day moving average, which makes this trade easy to manage– buy here, set stop stop below average.
And, can’t forget about H-O-V-A, I mean Hovnanian Enterprises, Inc. [[HOV]] . This one has pulled back after breaking out above $4.29, I like the idea of going long here with a stop below 4.29:
I will likely step to the sidelines and wait for the last hour of trading before making any trades, as we have the all important Fed meeting this afternoon.
Other top picks include: SD, DCTH, YONG, ETFC, RIMM, IPI, VMI, JCP, & CCME
As always, check to view my live trades inside The PPT.
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It seems like quite a few of the “imminent breakouts” I’ve been watching failed today, and are now looking like potentially good shorts.
Fame is fleeting.
The homies look good.
Checkout the REIT’s!
CBL north of $16 again!??
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Jake, you still holding PCBC? been up everyday the last few weeks.
check out YTEC breaking above some gap resistance
nice, gap fill in progress.