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Dr Horton Inc Falls 4.97% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Dr Horton Inc (NYSE:DHI) traded in a range yesterday that spanned from a low of $33.70 to a high of $36.23. Yesterday, the shares fell 5.0%, which took the trading range below the 3-day low of $36.04 on volume of 4.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Dr Horton Inc on September 21st, 2018 by issuing a Downtrend alert when the shares were trading at $42.14. Since that call, shares of Dr Horton Inc have fallen 10.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Dr Horton Inc share prices have moved between a 52-week high of $53.32 and the current low of $33.70 and are currently at $35.23 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.1%.

Keywords: rebounders dr horton inc

Ticker(s): DHI