Long Position on CCS @ $70.50 on 8/17/2021 (Momentum)

Century Communities, Inc. (CCS) engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. 

It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its home buyers.

The company sells homes through its sales representatives, as well as through independent real estate brokers in 17 states in the United States.

On July 28th, Century Communities  reported 2nd Quarter June 2021 earnings of $3.47 per share on revenue of $1.0 billion. The consensus earnings estimate was $2.82 per share on revenue of $977.3 million. Revenue grew 34.3% on a year-over-year basis.

The company said it expects 2021 revenue of $3.80 billion to $4.10 billion. The company's previous guidance was revenue of $3.70 billion to $4.00 billion and the current consensus revenue estimate is $4.07 billion for the year ending December 31, 2021.

This stock should be a strong choice for investors following it's recent quarterly report. Since then, shares have formed a bullish "flag" and are expected to move higher from this formatiion. 

Entry Point: $70.50

Trading Range: $35.20 to $83.20

Stop Loss: $67.00

Target Price: $77.65

Position closed on 9/23/2021 at price of $67.00 with a -4.96% loss in 37 days.

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