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After Yesterday's Decline of 2.10%, Lennar Corp-A Offers Investors Better Value

By Nick Russo

Lennar Corp-A (NYSE:LEN) traded in a range yesterday that spanned from a low of $58.29 to a high of $59.62. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $59.18 on volume of 139,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Lennar Corp-A and will alert subscribers who have LEN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Lennar Corp-A share prices have been bracketed by a low of $37.29 and a high of $62.63 and are now at $58.40, 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.5%.

Keywords: rebounders lennar corp-a

Ticker(s): LEN