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SmarTrend Watching for Potential Rebound in Shares of Lennar Corp-A After 2.10% Loss

By Amy Schwartz

Lennar Corp-A (NYSE:LEN) traded in a range yesterday that spanned from a low of $58.29 to a high of $59.62. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $59.18 on volume of 139,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Lennar Corp-A and will alert subscribers who have LEN in their portfolio or watchlist when shares have changed trend direction.

Lennar Corp-A share prices have moved between a 52-week high of $62.63 and a 52-week low of $37.29 and are now trading 57% above that low price at $58.40 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.9%.

Keywords: rebounders lennar corp-a

Ticker(s): LEN