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The Roof Leaks Lennar Corp (NYSE:LEN) And The Homebuilders

BATS:LEN   LENNAR CORP
82 0 0
This morning, most of the leading home-builder stocks are coming under some selling pressure despite the higher stock indexes. The decline in the home-builder stocks is likely due to the increase in the 10-year U.S. Treasury yield. Today, bond yields are ticking higher by 4 basis points to 2.64 percent. Higher yields have hurt the home-builder stocks recently.

Lennar Corp             (NYSE:LEN) is a leading home-builder stock that is trading lower at the start of today's session. Day traders can watch for intra-day support around the $24.47, and $33.66 levels. These are two levels where the stock is likely to stage a small bounce.

Presented to the Rant & Rave Blog by Nick Santiago October 04, 2013 10:32AM
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