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Long Position on WLH @ $29.08 on 11/20/2017 (Momentum)

Bullish Flag on WLHWilliam Lyon Homes (WLH) designs, constructs, markets, and sells single-family detached and attached homes.

It operates in six segments: California, Arizona, Nevada, Colorado, Washington, and Oregon.

Each of the segments has responsibility for the management of the Company's homebuilding and development operations within its geographic boundaries. The California Segment consists of operations in Orange, Los Angeles, San Diego, Riverside, San Bernardino, Alameda, Contra Costa and San Joaquin counties. The Arizona Segment consists of operations in the Phoenix metropolitan area. The Nevada Segment consists of operations in Clark and Nye counties. The Colorado Segment consists of operations in Douglas, Grand, Jefferson, and Larimer counties. The Washington Segment consists of operations in King, Snohomish, and Pierce counties. The Oregon Segment consists of operations in Clackamas and Washington counties.

The company sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

As of December 31, 2016, the company owned approximately 13,626 lots.  Shares have formed a bullish "flag" following the company's latest quarterly report. Higher share prices are expected for this stock.

 

52-Weeks Trading Range: $16.37 - $29.94

Entry Point: $29.08

Stop Loss: $27.50

Target Price: $32.78

Updates

1/5/2018 9:51:25 AM

WLH closed at $31.40

Position closed on 1/5/2018 at price of $31.40 with a 7.98% gain in 46 days.

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