A Homebuilder to Buy?
By Steve Abraham on Feb 19, 2008
Maybe?! I’m talking about ticker NVR. Per Yahoo, NVR, Inc. operates as a homebuilder in the United States. The company engages in the construction and sale of single-family detached homes, town homes, and condominium buildings under Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc Homes trade names. It sells its Ryan Homes, Fox Ridge Homes, and Rymarc Homes products primarily to first-time homeowners and first-time move-up buyers located in Maryland, Virginia, West Virginia, Pennsylvania, New York, North Carolina, South Carolina, Ohio, New Jersey, Delaware, Michigan, Kentucky, and Tennessee. The company markets its NVHomes product primarily to move-up and upscale buyers in the Washington, D.C., Maryland, Pennsylvania, and the Maryland Eastern Shore metropolitan areas. It also offers mortgage related services to its homebuilding customers, including broker title insurance; and performs title searches in connection with mortgage loan closings. The company, formerly known as NVHomes, Inc., was founded in 1979. NVR, Inc. is headquartered in Reston, Virginia. The stock looks like its bottomed. Its down from around $850 a share to around $400. It closed today at $561. It’s an expensive stock but its worth watching here. A pullback to around $530-$535 may present decent risk/reward picture.
4 Responses to “A Homebuilder to Buy?”
The housing market is way to stagnant for me to buy into. Has anyone looked at this chart? Wizetrade warns against this.
NVR - perhaps, if you trade for the very very long term. I would stay away from stocks like that. Have a look at http://www.sharesmadeeasy.com . Their stock report highlights opportunities for trades every week.
Sign up at easystockalerts.com for free to see your stock news before it breaks to the rest of the public! Just try it out for a week and see what you think.
Leave a Comment
Recent Blog Posts
- What to do about Nucor
- Shortcake ?
- Putting it to the X
- Why it's NOT time to Short Apple and Visa
- Follow Up on WLT
- JPM
- Stashing Cash in Savings Accounts
- Shorting V
- USO Stock Chart (Short Oil?? Call me crazy)
- Throwing out the Chart on AMZN
- Walters Industries
- Mastercard Again
- D R Horton
- EMC
- Broadcom
- Covance
- RIMM
- Cat Stock Chart
- Turning $5,000 into $400,000..UNREAL
- Resistance Broken!
- Best looking chart seen in a while (MELI Stock Chart)
- WSCI - WSI Industries Inc
- Resistance Holding up
- Dont fight the trend. (MOS Stock Chart)
- UTVG - Universal Travel Group
- Havent Done Your Taxes Yet??
- Mastercard
- Costco
- Bottom or no bottom, That is the question.
- Is the Apple Still Rotten?
Subscribe
   |
 |
Recent NVR volitility allows the trading boundries to open up with an upward trending bias.
Specifically, the stock became overbought when the stock hit $661.00 on 2/1/08 and pulled back to 2/25/06 (today’s)close of $559. My analysis of NVR strongly suggests ten folloowing Market Projections through 3/36/08 (next 21) days :
For now 2/26/08: Overbought $678 & Above Divide between Bull / Bear Market $547
Center $571
Oversold $463 & Below
Month from Now Overbought $771 & Above Divide between Bull / Bear Market $577
Center $ 639
Oversold $506 & Below
In short, this market is sitting just below the market center and the trading range for the 2/25/08 included the Bull / Bear divide price. NVR definitely has a upward bias an indicated by the center of the market trending toward $ 639 by the end of 4 weeks ( $68 / sahre appretiation)
Month end risk / reward for owning the stock for 4 weeks at todays close of $559:
Upside: $771-$559 or gain $212 (+38%)
Mid range: $ 639- $559 or gain $80 (+14%)
Downside: $ 506 -$559 or loss ($53) (-9,5%)
Check it out in 4 weeks……..Pay the money make your choice…Happy Bull Trading.
Dave Hagerman
Taylor Lake Village, Texas