Long Position on DHI @ $22.80 on 10/30/2014 (Momentum)

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

It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 78 markets in the United States under the D.R. Horton, America’s Builder, Emerald Homes, and Breland Homes.

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

It is also involved in the origination and sale of mortgages, as well as provides title insurance policies and closing services.

Shares have formed a bullish "flag" and higher share prices are expected for this stock. Note that the firm reports its quarterly results on November 11th. 

52-Week Trading Range: $17.67 - $25.23

Entry Point: $22.80

Stop Loss: $21.62

Target Price: $25.05 

Updates

11/20/2014 10:14:29 AM

DHI reached our target. Closed at $25.18.

Position closed on 11/20/2014 at price of $25.18 with a 10.44% gain in 21 days.

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