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Watch for Shares of Dr Horton Inc (DHI) to Approach Support at $44.66

By David Diaz

Shares of Dr Horton Inc (NYSE:DHI) opened today below their pivot of $44.91 and have already reached the first level of support at $44.81. Should the shares continue to fall, the support pivots of $44.66 and $44.41 will be of interest.

In the past 52 weeks, Dr Horton Inc share prices have been bracketed by a low of $32.39 and a high of $47.02 and are now at $44.66, 38% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Dr Horton Inc has overhead space with shares priced $44.66, or 18.3% below the average consensus analyst price target of $54.68. The stock should discover initial support at its 50-day moving average (MA) of $43.10 and subsequent support at its 200-day MA of $40.16.

SmarTrend recommended that subscribers consider buying shares of Dr Horton Inc on February 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.38. Since that recommendation, shares of Dr Horton Inc have risen 14.2%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts dr horton inc

Ticker(s): DHI