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Lennar @ Year Highs

len New York, March 28th (TradersHuddle.com) - Shares of Lennar Corporation (NYSE:LEN) booked a new 52 week high today by trading above $27.07, traders are definitely monitoring Lennar's price action to see if this move attracts further buying into the stock.

Lennar Corporation (NYSE:LEN) builder of single-family attached and detached homes. The Company also provides mortgage financing, title insurance, closing services and other ancillary services.

Lennar is currently trading 0.36% versus its previous trading session close, and it has calculated support and resistance at $25.01 and $27.07 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -0.41% from its previous trading close, which means that Lennar stock is outperforming the overall market.

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o Dow Jones 17,745.98 ▼5.41 (-0.03%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:17,745.98 Trade time:4:32PM EDT Value change:▼5.41 (-0.03%)
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Company ID [INDEXSP:.INX] Last trade:2,108.63 Trade time:4:32PM EDT Value change:▲0.06 (0.00%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:5,128.79 Trade time:5:15PM EDT Value change:▲17.05 (0.33%)
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