Strong ‘Buy’ Signal for Homebuilder

Strong ‘Buy’ Signal for Homebuilder

Dear Reader,

A few days ago we looked at a Daily Price Chart for Sherwin Williams Co. noting that the stock had been making a series of higher highs and higher lows.

For today’s Trade of the Day we will be looking at a different company in construction: DR Horton Inc. stock symbol: DHI.

Before breaking down DHI’s daily chart let’s first review what products and services the company offers.

D.R. Horton, Inc. operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States.

It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, and Freedom Homes.

Now, to see more Trades of the Day like this with more detail please click HERE to get the Trade of the Day Newsletter.

Wishing You the Best in Investing Success,
Chuck Hughes