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KB Home (KBH) operates as a homebuilding company in the United States.
It operates through four segments: West Coast, Southwest, Central, and Southeast.
The company builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
It also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington.
On January 9th, KB Home (KBH) reported 4th Quarter November 2019 earnings of $1.31 per share on revenue of $1.6 billion. The consensus earnings estimate was $1.29 per share on revenue of $1.6 billion. Revenue grew 15.6% on a year-over-year basis. Since then, shares have formed a bullish "trading channel." We expect shares to come down today to the bottom of the trading channel. Higher prices from the entry level are expected. Note the entry point.
Entry Point: $38.00
Stop Loss: $35.20
Trading Range: $21.69 to 40.51
Target Price: $41.90
KBH closed at $25.25
