timwest
Short

LEN - Lennar HOMEBUILDERS TOPPING

BATS:LEN   LENNAR CORP
457 1 3
The rally appears to be over on the long term and the short term for LEN             and other home-builders. There is a good trade setting up here to go short LEN             and look for downside in the neighborhood of 10% over the next quarter. The risk is a rally of 10%, so unfortunately the risk is equal to the reward but I believe the odds of the decline are greater, far-greater than the odds for a rally.

Note the distribution pattern just above current levels. This is long term sellers unloading shares and that is an indication of a change in trend.

$38.88 last.
Target under $34
Risk to the highs $43

Tim 12:27PM EST, Thursday Feb 28, 2013
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Tim have you taken a look at this nice double top for a short entry?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out