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Dr Horton Inc Falls 3.30% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

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.

In the past 52 weeks, Dr Horton Inc share prices have been bracketed by a low of $36.20 and a high of $53.32 and are now at $42.14, 16% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.3%.

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.

Keywords: rebounders dr horton inc

Ticker(s): DHI