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After Yesterday's Decline of 3.30%, Dr Horton Inc Offers Investors Better Value

By Amy Schwartz

Dr Horton Inc (NYSE:DHI) traded in a range yesterday that spanned from a low of $41.88 to a high of $43.91. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $42.45 on volume of 2.2 million 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 Dr Horton Inc and will alert subscribers who have DHI in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Dr Horton Inc have traded between a low of $36.20 and a high of $53.32 and are now at $42.14, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.2%.

Keywords: rebounders dr horton inc

Ticker(s): DHI