Hovnanian Enterprises, Inc. (NYSE:HOV)

Q:Chip,

I’m in at $1.80 for HOV, where’s this baby going to go?

David

A: It looks like SmarTrend called an Uptrend on Hovnanian Enterprises on July 27 at $3.02, and shares have risen 36.75% as of today's recent price of $4.13.  It will remain in an Uptrend until a certain threshold is crossed and our proprietary indicators detect that a downtrend has begun. If you would like to be automatically alerted when an Downtrend is detected, you can get a free trial at www.MySmarTrend.com. There you can also sign up for our free daily newsletter and check out the Community tab for more insight on technical analysis and where the market is heading.