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After Yesterday's Rally of 1.25% Shares Could Potentially Pullback

By David Diaz

Lennar Corp-A (NYSE:LEN) traded in a range yesterday that spanned from a low of $52.87 to a high of $53.71. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $53.07 on volume of 603,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Lennar Corp-A have traded between a low of $39.68 and a high of $55.75 and are now at $53.48, which is 35% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 0.70% higher over the past week, respectively.

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.

Keywords: rebounders lennar corp-a

Ticker(s): LEN