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Shares of Dr Horton Inc Rise Above Previous 52-Week High

By Nick Russo

Shares of Dr Horton Inc (NYSE:DHI) traded at a new 52-week high today of $51.21. Approximately 547,000 shares have changed hands today, as compared to an average 30-day volume of 4.1 million shares.

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.

Potential upside of 6.9% exists for Dr Horton Inc, based on a current level of $51.15 and analysts' average consensus price target of $54.68. The stock should discover initial support at its 50-day moving average (MA) of $47.13 and subsequent support at its 200-day MA of $42.44.

In the past 52 weeks, Dr Horton Inc share prices have been bracketed by a low of $32.39 and a high of $51.21 and are now at $51.15, 58% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.3%.

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 11.6%. 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