D R Horton
By Steve Abraham on Apr 25, 2008
Yeah, I said it. DHI reports earnings on May 6. They will probably be dismal. Technically, the stock doesn’t look bad. The stock may have bottomed and is now forming an ascending triangle. Supposedly, DHI is a well managed home builder who has the financial strength to manage thru the depression in the housing market. Anyhow, this stock may need to be watched over the next few weeks. Here is the 6 month chart:
This entry was posted on Friday, April 25th, 2008 at 6:22 pm and is filed under Annotated Analysis.
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4 Responses to “D R Horton”
By Steve A on April 26th, 2008 at 11:57 am
I tend to agree with you.
By connor_us on April 28th, 2008 at 11:36 am
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The bad earnings won’t matter - all the bad news is priced in. Any glimmer of improvement on the call by DHI or the other builders will move the group higher. Any progress on Dodd-Frank will be a catalyst. See the stock breaking out through 18 next week - just want to see strong volume to confirm.