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July 17, 2020, 10:11 a.m. EDT

Dr Horton Inc (DHI) Crosses Pivot Point Resistance at $63.55

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Jul 17, 2020 (SmarTrend(R) News Watch via COMTEX) -- Shares of Dr Horton Inc /zigman2/quotes/202032328/composite DHI -0.86% opened today above their pivot of $61.63 and have already reached the first level of resistance at $63.55. Investors may be interested in a cross of the next upside pivot targets of $64.57 and $67.51.

Dr Horton Inc /zigman2/quotes/202032328/composite DHI -0.86% defies analysts with a current price ($62.54) 12.6% above its average consensus price target of $54.68. The stock should discover initial support at its 50-day moving average (MA) of $54.37 and subsequent support at its 200-day MA of $51.63.

Over the past year, Dr Horton Inc has traded in a range of $25.51 to $62.64 and is now at $62.54, 145% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Dr Horton Inc on March 25th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.29. Since that recommendation, shares of Dr Horton Inc have risen 77.2%. We continue to monitor DHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to SmarTrend at cs@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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COMTEX_368167806/2187/2020-07-17T10:11:20

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Copyright, Comtex News Network, Inc. 2020

/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 72.69
-0.63 -0.86%
Volume: 3.83M
Sept. 18, 2020 4:00p
P/E Ratio
13.16
Dividend Yield
0.96%
Market Cap
$26.67 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/202032328/composite
US : U.S.: NYSE
$ 72.69
-0.63 -0.86%
Volume: 3.83M
Sept. 18, 2020 4:00p
P/E Ratio
13.16
Dividend Yield
0.96%
Market Cap
$26.67 billion
Rev. per Employee
$1.93M
loading...

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