LEN - Big Beat, Big Spike, Big Retrace?

Lennar had a great quarter and as long as the consumer in the United States stays strong and interest rates stay low, they will continue to do well.

So what gives? Why did it retrace today? Yo be honest, I don’t know but what I DO know is that I would be very interested at the 52-54 level if the price does not break up above the yellow counter trend line. If we get a weekly close above the trend line I will initiate the position and ride it back to ATH’s.

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