Long Position on DHI @ $101.25 on 5/5/2021 (Momentum)

D.R. Horton, Inc. (DHI) operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States.

It engages in the acquisition and development of land; and construction and sale of homes in 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.

The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes. It also provides mortgage financing services; and title insurance policies, and examination and closing services, as well as engages in the residential lot development business.

In addition, the company constructs and owns multi-family rental properties; owns residential real estate, including ranch land and improvements; and owns and operates oil and gas assets. The company primarily serves homebuyers.

As lumber prices reach an all-time high, newly-constructed homes are pushing housing market prices higher and thus share prices of this homebuilding company should also see an upwards push.

Entry Point: $101.25

Stop Loss: $96.20

Trading Range: $43.82 - $102.60

Target Price: $111.35

Updates

12/2/2021 1:14:29 PM

Closed at $102.

Position closed on 12/2/2021 at price of $102.00 with a 0.74% gain in 211 days.

Back to Portfolio