Long Position on DHI @ $23.25 on 2/7/2013 (Momentum)

D.R. Horton (DHI) operates as a homebuilding company.

The company engages in the acquisition and development of land; and construction and sale of residential homes in 26 states and 77 markets in the United States primarily under the D.R. Horton, America’s Builder name.

It builds traditional single-family detached homes; and attached homes, such as town homes, duplexes, triplexes, and condominiums.

The company markets and sells its homes primarily through independent real estate brokers. It is also involved in the origination and sale of mortgages, as well as provision of title insurance policies, and examination and closing services primarily to the purchasers of its homes.

Shares have formed a bullish "flag" following release of its quarterly results. Higher prices are expected for this stock.

52-Week Trading Range: $13.45 - $24.29

Entry Point:  $23.25

Stop Loss:  $22.09

Target Price:   $25.58

Updates

2/21/2013 9:52:26 AM

DHI fell below our stop loss due to weak housing numbers yesterday and Toll Brothers (TOL) weak results. DHI was closed at $22.

Position closed on 2/21/2013 at price of $22.00 with a -5.38% loss in 14 days.

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