$DHI D.R. Horton, Inc. - Long Term Bull Flag Breakout & Retest
Unusual Options Activity
10k August $77.50 calls bought today for $9.4M (81x open interest)
Medium term target: $100-$110 range by August
Note - This is NOT investment advice.
Hello everyone, today I want to tell you about D. R. Horton company.
Their business is building houses for families. They act in US in the 90 markets in 29 states.
Reasons for investing are next:
Falling inventories (in 2 times), they pay all taxes and their results are growning for last 5 years. Even with COVID-19 influence, they have good performance....
Homebuilders have struggled lately as interest rates rose, but the longer-term prospects remain favorable. Today’s chart considers the pullback in DR Horton, the biggest name in the space.
DHI hit a new all-time high of $84.41 on February 11 and pulled back. It’s now bouncing, which may create opportunities for buyers.
Notice the high basing pattern between...
After closing above range and previously breaking out of descending wedge, price is setting up to continue higher. Risk managed setup as always, if entry is missed then wait for pullback!
The PEAD projected a slight bullish outlook for #DHI after a positive over reaction following its earnings release placing the stock in Drift B
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our system found that NYSE:DHI received most attention over the course of last week.
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we see a weak negative correlation with our image indicator. We therefore assume that prices are driven by facts rather than emotions and reflect an accurate picture of the companies current state of affairs.
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It is a good company with good economic performance. May be considered for investment. However, technically, a head and shoulders pattern is forming on the chart along with RSI divergence. Therefore, for purchases, it is better to consider the lower price zones of the zones around 55 and 45, which are indicated on the chart
$DHI is projected with a neutral outlook after a positive under reaction following its earning release with PEAD placing the stock in Drift A with the price currently trading above the median line close to the upper boundary of the projected PEAD cone.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this...
DHI did well on earnings
V cup low is 25.51 and mid v cup is 44.03
Home builders seemed to be in a slump for a while but maybe coming back after DHI beat earnings
Some place a stop below Mid V or the most recent pivot low
DHI fell from a bearish rising wedge several weeks ago but appears to have recovered
Just an observation
Possible Long term targets are...
![DHI: the b[AI]te's weekly insights -- DHI 2021-01-25](https://s3.tradingview.com/p/pHSjocMo_mid.png "the b[AI]te's weekly insights -- DHI 2021-01-25")
