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Watch for Dr Horton Inc to Potentially Pullback After Gaining 1.50% Yesterday

By Amy Schwartz

Dr Horton Inc (NYSE:DHI) traded in a range yesterday that spanned from a low of $49.43 to a high of $50.51. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $50.32 on volume of 1.1 million 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 Dr Horton Inc on July 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.59. Since that recommendation, shares of Dr Horton Inc have risen 8.5%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Dr Horton Inc have traded between a low of $32.39 and a high of $50.89 and are now at $50.22, which is 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.

Keywords: rebounders dr horton inc

Ticker(s): DHI