Opened a credit spread on DHI yesterday, expect to hold this at least until the next FED meeting if not through earnings.
Sold - $150 Feb16 Call
Bought - $160 Feb16 Call
Taking in ~$400/contract in premium on this trade.
The stock is expected to complete its final move to Wave 5 of (V) before undergoing a significant correction, constituting a substantial correction in my view.
My extended target for the upward trend is $143, with plans to consider short positions thereafter. The recent upward movement appears to be forming a rising wedge, adding to the overall wedgy ...
Homebuilders like D.R. Horton were some of the top-performing stocks in the first half. Now, after a healthy pullback, traders may look for continuation into yearend.
The first pattern on today’s chart is the April 19 close of $101.86. DHI gapped higher the following session and kept climbing for the next three months. The stock then rolled over and fell through...
Tagged the July low aka head & shoulders neckline perfectly & reversed today. Is it that easy? I've got the pink line below as the target if it plays out.
D.R Horton Inc. (DHI) presently approaching meaningful support, able to absorb weekly selling pressures. From here, (DHI) can recover and turn higher to channel resistance, eliciting gains of 20-25% over the following 3-5 months. Inversely, a weekly settlement below the shown support would place (DHI) into a sell signal where losses of a similar magnitude would be...
(12/1000)
Ascending Triangle for DHI.
Confirmed. Possible 82% gains.
Pros:
1- Bullish Ascending triangle, Confirmed
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and climbing
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 but a bit flat
9- ATR is ascending, more volatile
10- Golden cross...
D.R. Horton, Inc. is a home construction company. Since 2002, the company has been the largest homebuilder by volume in the United States. Someone sold DHI 8/25 105P short and bought 120/130C spreads for 1.25... Same trader, multi-leg bullish strategy. Look for a bounce off the 50 day moving avg on this big cup and handle breakout... I would look into the DHI...
I'm sure this is a fairly contrarian idea especially on the day the Fed will probably elect to not have a rate cut for the first time and over a year but isn't that how these markets work usually anyway ie natural gas plummeting after the pipeline from Russia to Europe was destroyed as everyone was piling in to anything natural gas related, so why not. Long-term...
On Friday, all developers closed in red, some experienced a more significant drop than others. DHI and LEN have already fallen below the previous month's high, so they would be my best short candidates.
People are not going to be buying houses with mortgage rates through the roof. Multiple researches say the publish believes it is a bad time to buy a house.
D.R. Horton Inc. ( NYSE:DHI ) appears to be in a bullish trend with the potential to break past its resistance level at 110.52. The Williams Alligator indicator confirms this bullish sentiment with its "alligator mouth" open, indicating an uptrend. A potential trade idea could be to go long on NYSE:DHI if it breaks above 110.52, with a stop loss at 106.77 to...
Alright, does anyone else feel a BIT toppy here. When I say feel, I mean there's technical signals and there's confluence. Talk to some RE agents maybe... Go look on Zillow, for the profits have indeed been delayed and withering... This might the simplest long term short possible.
The Complex Union bearish price structure here is valid where I anticipate the red bearish pattern to fractal and become a left wing on a larger bearish pattern. I was alerted to this chart by another trader and it is a great sell signal with my system.
On the weekly time frame, DHI is nearly at a short zone with a 3:1 reward/risk as pictured. Fundamentally, there is no reason for homebuilders to be rallying with home values crashing in the new home industry. I'll be spreading entry orders for shorts across the red zone.
DHI
Daily chart analysis
DHI is currently in a downtrend under the 200 ema
After reaching low of 60.00, pulled back and broke above resistance level at 76.00
The breakout is deemed a failed breakout after price falls back below 76.00
Price has the followed by making a series of lower lows creating a downtrend line
Price is currently at resistance from down...
The PEAD projected a Bullish outlook for $DHI after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
$DHI is looking good in $XHB index.
Weekly chart
Once the marked resistance is broken out with volume
and other parameters like elliott oscillator turning green CCi green and Stochastic bar on top.
I will buy
The PEAD projected a Bullish outlook for $DHI after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
