Long Position on LGIH @ $32.00 on 11/12/2015 (Momentum)

LGI Homes, Inc. (LGIH) is a homebuilder.

The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina and Colorado.

The Company's product offerings include entry-level homes sold under its LGI Homes brand, and its move-up homes, which are sold under Terrata Homes brand. Terrata Homes brand delivers move-in ready homes.

It manages its homebuilding operations under four segments: Texas division, Southwest division, Southeast division and Florida division.

Its Texas division includes Houston, Dallas/Ft. Worth, San Antonio and Austin operations; Southwest division includes Phoenix, Tucson, Albuquerque and Denver operations; Southeast division includes Atlanta and Charlotte operations, and Florida division includes Tampa, Orlando and Fort Myers operations. It has constructed and closed approximately 8,500 homes.

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

52-Weeks Trading Range: $12.21 - $33.87

Entry Point: $32.00

Stop Loss: $30.40

Target Price: $35.20

Updates

12/1/2015 10:53:26 AM

LGIH closed at $35.40 after it reached our target.

Position closed on 12/1/2015 at price of $35.40 with a 10.63% gain in 19 days.

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