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Shares of Lennar Corp-A Rise to a New 52-Week High

By David Diaz

Shares of Lennar Corp-A (NYSE:LEN) traded today at $54.63, breaking its 52-week high. Approximately 615,000 shares have changed hands today, as compared to an average 30-day volume of 3.2 million shares.

In the past 52 weeks, shares of Lennar Corp-A have traded between a low of $37.29 and a high of $54.63 and are now at $54.24, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

Potential upside of 39.9% exists for Lennar Corp-A, based on a current level of $54.24 and analysts' average consensus price target of $75.89. The stock should discover initial support at its 50-day moving average (MA) of $49.00 and subsequent support at its 200-day MA of $48.03.

Lennar Corporation constructs and sells single-family attached and detached homes, as well as buys and sells residential land. The Company also provides mortgage financing, title insurance, commercial real estate, investment management, and other financial services.

SmarTrend recommended that subscribers consider buying shares of Lennar Corp-A on August 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.31. Since that recommendation, shares of Lennar Corp-A have risen 9.5%. We continue to monitor LEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows lennar corp-a

Ticker(s): LEN