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Recent 52-Week High Exceeded in Shares of Ryland Group (RYL)

By Nick Russo

Shares of Ryland Group (NYSE:RYL) traded at a new 52-week high today of $45.68. So far today approximately 128,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

The Ryland Group, Inc. is a homebuilder and mortgage-related finance firm. The Company's homebuilding segment specializes in the sale and construction of single-family attached and detached housing. Ryland's financial services segment provides various mortgage-related products and services for retail customers.

Ryland Group (NYSE:RYL) defies analysts with a current price ($45.00) 11.4% above its average consensus price target of $39.85. The stock should discover initial support at its 50-day moving average (MA) of $39.10 and subsequent support at its 200-day MA of $33.72.

In the past 52 weeks, shares of Ryland Group have traded between a low of $19.25 and a high of $45.68 and are now at $45.00, which is 134% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.1%.

SmarTrend is monitoring the recent change of momentum in Ryland Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ryland Group in search of a potential trend change.

Keywords: 52 week high/lows ryland group

Ticker(s): RYL