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Shares of KB Home Has Risen Above Previous 52-Week High

By Nick Russo

KB Home (NYSE:KBH) traded at a new 52-week high today of $22.40. Approximately 392,000 shares have changed hands today, as compared to an average 30-day volume of 3.6 million shares.

Over the past year, KB Home has traded in a range of $9.04 to $22.40 and is now at $22.39, 148% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.3%.

KB HOME builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title and insurance services.

KB Home (NYSE:KBH) is currently priced 24.8% above its average consensus analyst price target of $16.85. The stock should discover initial support at its 50-day moving average (MA) of $13.72 and subsequent support at its 200-day MA of $13.37.

SmarTrend recommended that subscribers consider buying shares of KB Home on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.59. Since that recommendation, shares of KB Home have risen 41.9%. We continue to monitor KBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows KB Home

Ticker(s): KBH