Homebuilder Lennar has been grinding higher this year, but some traders may expect a breakdown.
The first pattern on today’s chart is the rising trendline along lows in January, February and March. Prices have sat there for the last four sessions with little sign of a bounce, which may suggest it’s losing relevance as support.
Second, the 50-day simple moving...
Traders often talk about the need to be patient but to be patient, we must know what we are being patient for. That is why we have a trade plan and know ahead of time exactly where to enter, where to place a stop, where to exit, and how much size to put on.
In this post I continue with our trade planning exercise of 30 planned trades by making a trade plan for...
Lennar Corporation is a home construction company based in the Waterford District, an unincorporated area of Miami-Dade County, Florida. As of 2023, the company was the second-largest home construction company in the United States based on the number of homes sold.
Possible breakout above $156.
LEN has tried to break the $155 high three times now. A big down day today, but if we hold the low from 1/05 at $144 we're fine. A red to green open could send this back to $155 and through the pivot.
Introduction:
Lennar Corporation, a prominent player in the homebuilding industry, recently released its earnings report, providing investors with valuable insights into the company's financial health and future prospects. In light of this information, we will examine the potential for a bear call option strategy on Lennar, focusing on the position opened on...
Lennar Corporation offers a lofty reward to risk ratio if you go long here and aim for $220 by 2025 give or take.
The long term trend kicked in this month, a continuation signal in an existing uptrend that formed in December 2022.
Best of luck!
Cheers,
Ivan Labrie.
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 105/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
What’s up warriors? I’m shorting Lennar from $107.50 down to the $2 gap in the volume profile. Any more price drops and incentives put them at break even on the homes which they can’t sell. They refused to see how late credit cycle we are, and they pushed forward with 10% YOY builds, despite the housing market being down nationally 10% YOY, and 20% in some...
Lennar (LEN) reported earnings of $3.87 per share on revenue of $8.73 billion for the fiscal third quarter ended August 2023. The consensus earnings estimate was $3.519 per share on revenue of $8.49 billion. The company beat expectations by 9.97% while revenue beat expectations by 2.82%.
The company said it expects fourth quarter revenue of $9.63 billion to...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 114/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
Entry: with price above 133.24
Volume: with volume greater than 1.87M
Target: 138.27 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 113.25, 130.74 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is...
Entry: when price clears 117.54
Volume: average or better
Target: 129 area
Stop: Depending on your risk tolerance; 113.72 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this...
If you haven`t sold LEN here, for a quick profit:
Then Analyzing the options chain of LEN Lennar Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $2.67.
If these options prove to be profitable prior to the earnings release, I would...
NYSE:LEN has 2 Double top in December and 1 in may. Could this be the 2nd double top. Short here and and i will stop out on a daily close above the horizontal line.
A W pattern on this 4Hr chart.
Basically price just plays out in the shape of a W with the right arm being the main bullish phase which can be seen on chart.
The middle does not necessarily have to be lower (as it is on this chart) for it to be a W pattern still.
