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Watch for Continued Gains in Shares of Kb Home (KBH)

By David Diaz

Kb Home (NYSE:KBH) traded today at a new 52-week high of $29.98. This new high was reached on below average trading volume as 355,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Kb Home has overhead space with shares priced $29.98, or 5.9% below the average consensus analyst price target of $31.87. The stock should find initial support at its 50-day moving average (MA) of $26.87 and further support at its 200-day MA of $24.13.

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 $29.98 and a 52-week low of $16.82 and are now trading 78% above that low price at $29.98 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

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 10.2%. 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