LEN.B trade ideas
LEN Can Beat Earnings, but There is Still Needed Balance BelowLEN looking for a beat this upcoming call to confirm it's current overhead price targets.
With price targets as high as $112, I see $99-$101 short term due to lower equilibrium needed.
I see $104-$106 as a mid-term goal, to then check back into most recent broken channel as new support channel.
$LEN with a slight bullish outlook The PEAD projected a slight bullish outlook for $LEN after a positive under reaction following its earnings release placing the stock in Drift A
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$LEN Bullish Descending Megaphone$LEN Bullish Descending Megaphone
$LEN has formed a beautiful descending broadening wedge or descending megaphone into its earnings report Monday after close. This pattern retested previous highs and bounced, showing support on a perfect retest of $71.30. First target is previous highs around $79.50 which I am looking for Monday into Earnings. I am looking to stay long LEN & homebuilders in general through earnings but will take some profits at first target.
$XHB on the whole looks decent
Component $DHI looks good
$TOL broke out & looks fantastic
BTO $LEN 9/18 $80c