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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 17,672.60 ▼141.38 (-0.79%)
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INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,672.60 Trade time:4:29PM EST Value change:▼141.38 (-0.79%)
INDEXSP:.INX

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Company ID [INDEXSP:.INX] Last trade:2,051.82 Trade time:4:29PM EST Value change:▼11.33 (-0.55%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,757.88 Trade time:5:15PM EST Value change:▲7.48 (0.16%)

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