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Dr Horton Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Dr Horton Inc (NYSE:DHI) traded today at $49.86, breaking its 52-week high. This new high was reached on below average trading volume as 955,000 shares traded hands, while the average 30-day volume is approximately 4 million shares.

Dr Horton Inc (NYSE:DHI) has potential upside of 9.7% based on a current price of $49.86 and analysts' consensus price target of $54.68. The stock should discover initial support at its 50-day moving average (MA) of $45.47 and subsequent support at its 200-day MA of $41.30.

D.R. Horton, Inc. constructs and sells single-family homes designed primarily for the entry-level and move-up markets. The Company operates in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. D.R. Horton also, through its financial services operations, provide mortgage financing and title agency services to homebuyers.

Over the past year, Dr Horton Inc has traded in a range of $32.39 to $49.86 and is now at $49.86, 54% above that low. The 200-day and 50-day moving averages have moved 0.45% higher and 0.47% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Dr Horton Inc on July 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.59. Since that recommendation, shares of Dr Horton Inc have risen 8.5%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dr horton inc

Ticker(s): DHI