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Lgi Homes Inc: The Losing Streak Continues (LGIH)

By Shiri Gupta

Lgi Homes Inc (NASDAQ:LGIH) traded at a new 52-week low today of $39.21. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 389,000 shares.

There is potential upside of 102.3% for shares of Lgi Homes Inc based on a current price of $39.43 and an average consensus analyst price target of $79.75. The stock should run into initial resistance at its 50-day moving average (MA) of $51.91 and subsequent resistance at its 200-day MA of $61.80.

LGI Homes, Inc. operates as a home builder. The Company designs and builds homes. LGI Homes serves customers in the States of Texas, Arizona, Florida, and Georgia.

Over the past year, Lgi Homes Inchas traded in a range of $39.21 to $81.88 and are now at $39.43. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Lgi Homes Inc on September 7th, 2018 by issuing a Downtrend alert when the shares were trading at $51.87. Since that call, shares of Lgi Homes Inc have fallen 23.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows lgi homes inc

Ticker(s): LGIH