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Dr Horton Inc (DHI) Breaks Through Support at $40.71

By David Diaz

Shares of Dr Horton Inc (NYSE:DHI) have bearishly opened below the pivot of $41.17 today and have reached the first support level of $40.71. Analysts will be watching for a cross of the next downside pivot targets of $40.47 and $39.77.

Potential upside of 33.5% exists for Dr Horton Inc, based on a current level of $40.95 and analysts' average consensus price target of $54.68. Dr Horton Inc shares have support at the 200-day moving average (MA) of $39.87 and additional support at the 50-day MA of $38.51.

Dr Horton Inc share prices have moved between a 52-week high of $47.00 and a 52-week low of $32.39 and are now trading 26% above that low price at $40.95 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Dr Horton Inc on February 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.38. Since that recommendation, shares of Dr Horton Inc have risen 4.0%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts dr horton inc

Ticker(s): DHI