• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Kb Home After 2.04% Loss

By James Quinn

Kb Home (NYSE:KBH) traded in a range yesterday that spanned from a low of $25.60 to a high of $26.46. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $25.91 on volume of 546,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Kb Home on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.74. Since that recommendation, shares of Kb Home have risen 21.7%. We continue to monitor KBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Kb Home has traded in a range of $16.82 to $28.34 and is now at $25.89, 54% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Keywords: rebounders KB Home

Ticker(s): KBH