Bears Appeared on KB HOME

kbh New York, October 26th (TradersHuddle.com) - Shares of KB HOME (NYSE:KBH) ended the trading session lower by $0.26 or -1.56% from its previous close. KB HOME's price action formed what is considered to be a bearish engulfing candlestick chart pattern.

KB HOME (NYSE:KBH) builds single-family homes, primarily targeting first-time and first move-up homebuyers. The Company operates in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas.

KB HOME's current stock range is determined by calculated support defined at $16.17 and by the resistance level at $17.30, which should be used by traders planning their next move.

If traders want to establish a position in KB HOME , they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor KB HOME for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

Note - Automated Content Created By TradersHuddle's Technical Scanner




Related Partner Headlines

    Volatile market? That's when profit potential skyrockets for options traders. Now you can get up to 50 trade opportunities a week from top options experts -- plus much more -- on our exciting new site OptionsProfits. Try it FREE!

    TradersHuddle Search

    Stock Search:


    Site Search:

    Loading

    Technical Scans

    Recent Trading Ideas

    Latest Partner Headlines

    Stock Market

    Loading
    Chart
    o Dow Jones 16,982.59 ▲22.02 (0.13%)
    o S&P 500 1,978.91 ▲0.57 (0.03%)
    o NASDAQ 4,444.91 ▼4.65 (-0.10%)
    INDEXDJX:.DJI

    Dow Jones

    Company ID [INDEXDJX:.DJI] Last trade:16,982.59 Trade time:4:31PM EDT Value change:▲22.02 (0.13%)
    INDEXSP:.INX

    S&P 500

    Company ID [INDEXSP:.INX] Last trade:1,978.91 Trade time:4:31PM EDT Value change:▲0.57 (0.03%)
    INDEXNASDAQ:.IXIC

    NASDAQ

    Company ID [INDEXNASDAQ:.IXIC] Last trade:4,444.91 Trade time:5:15PM EDT Value change:▼4.65 (-0.10%)

    In The Wires

    Copyright © 2013 TradersHuddle.com. All Rights Reserved.