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Shares of Kb Home Rise to a New 52-Week High

By David Diaz

Shares of Kb Home (NYSE:KBH) traded today at $28.61, breaking its 52-week high. This new high was reached on below average trading volume as 259,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Kb Home has overhead space with shares priced $27.79, or 12.8% below the average consensus analyst price target of $31.87. Kb Home shares have support at the 50-day moving average (MA) of $26.15 and additional support at the 200-day MA of $23.67.

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 and South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title, and insurance services.

Kb Home share prices have moved between a 52-week high of $28.61 and a 52-week low of $16.82 and are now trading 65% above that low price at $27.79 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Kb Home on July 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.86. Since that recommendation, shares of Kb Home have risen 4.2%. 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