Long Position on BZH @ $28.75 on 7/17/2023 (Momentum)

Beazer Homes USA, Inc. (BZH) operates as a homebuilder in the United States. 

It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names.

The company sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina. 

Shares have formed a bullish "flag" ahead of its earnings report on July 27th. On April 27th, BZH reported 2nd Quarter March 2023 earnings of $1.13 per share on revenue of $543.9 million. The consensus earnings estimate was $0.84 per share on revenue of $519.9 million. 

Entry Point: $28.75

Stop Loss: $27.00

Trading Range: $9.47 - $29.37

Target Price: $31.75     

Updates

7/28/2023 1:55:09 PM

BZH closed at $34.35

Position closed on 7/28/2023 at price of $34.35 with a 19.48% gain in 11 days.

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