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SmarTrend Watching for Potential Pullback in Shares of Kb Home After 2.84% Gain

By Shiri Gupta

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.

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.

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.

Keywords: rebounders KB Home

Ticker(s): KBH