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Kb Home Rises 2.84% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Kb Home (NYSE:KBH) traded in a range yesterday that spanned from a low of $29.98 to a high of $30.48. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $29.63 on volume of 804,000 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 Kb Home have traded between a low of $16.82 and a high of $30.48 and are now at $30.48, which is 81% above that low price. The 200-day and 50-day moving averages have moved 0.75% higher and 1.33% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Kb Home on July 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.86. Since that recommendation, shares of Kb Home have risen 10.2%. We continue to monitor KBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders KB Home

Ticker(s): KBH