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sparrow_hawk_737

Leveraged play on home building

Long
Direxion Daily Homebuilders & Supplies Bull 3X Shares (AMEX:NAIL)  
sparrow_hawk_737 Updated   
AMEX:NAIL   Direxion Daily Homebuilders & Supplies Bull 3X Shares
Trend Analysis Fundamental Analysis
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trendanalysis fundamental
Homebuilder stocks have been consolidating for some time now. A short-term move to $70 is very likely given the technicals.
Comment:
Awesome action ... watch Lennar, Toll Brothers ... more upside to come.
Comment:
This is going higher ... Homebuilders have broken out.
Trade closed manually:
I closed my entire position at $70.
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