Lennar - Above Average Volume Detected

len New York, May 7th (TradersHuddle.com) - Unusual high volume detected on shares of Lennar Corporation (NYSE:LEN) early in the trading session. The pace in volume of Lennar points to a break above average, with sellers in control, as the stock is 1.16% lower.

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 has already traded 0.924 times its 3-month average volume and has calculated support and resistance at $24.30 and $30.08 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -0.05% from its previous trading close, which means that Lennar stock is underperforming the overall market.

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o Dow Jones 16,932.24 ▲12.65 (0.07%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,932.24 Trade time:10:35AM EDT Value change:▲12.65 (0.07%)
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Company ID [INDEXSP:.INX] Last trade:1,981.97 Trade time:10:35AM EDT Value change:▲0.37 (0.02%)
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