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Watch for Lennar Corp-A to Potentially Pullback After Gaining 1.55% Yesterday

By Amy Schwartz

Lennar Corp-A (NYSE:LEN) traded in a range yesterday that spanned from a low of $59.45 to a high of $60.57. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $60.37 on volume of 531,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Lennar Corp-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Lennar Corp-A in search of a potential trend change.

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 62% above that low price at $60.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.6%.

Keywords: rebounders lennar corp-a

Ticker(s): LEN