Long Position on KBH @ $22.60 on 4/13/2020 (Momentum)

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. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001.

KB Home reported 1st Quarter February 2020 earnings of $0.63 per share on revenue of $1.1 billion. The consensus earnings estimate was $0.43 per share on revenue of $950.6 million. Revenue grew 32.6% on a year-over-year basis.

The homebuilding company is engaged in the construction and sell of homes. The company offers a variety of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes.

KB Home has earnings on June 25th.

The homebuilding company should continue to rise as it closed above it's 30-day moving average.

Entry point: $22.60

52-week trade range: $9.82 - $40.51

Stop/Loss: $21.47

Target Price: $24.86

Updates

5/4/2020 1:15:03 PM

KBH closed at $25.25

Position closed on 5/4/2020 at price of $25.25 with a 11.73% gain in 21 days.

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