Long Position on LEN @ $52.40 on 7/9/2015 (Momentum)

Lennar Corporation (LEN) engages in the homebuilding activities in the United States.

The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments.

Its homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land.

The company also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities.

Further, the company develops multifamily rental properties. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $35.74 - $53.67

Entry Point: $52.40

Stop Loss: $49.75 

Target Price: $57.65

Updates

8/17/2015 1:44:15 PM

LEN closed at $53.62 after its 30 days expired.

Position closed on 8/17/2015 at price of $53.62 with a 2.33% gain in 39 days.

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