Trading Idea - Lennar Broke Resistance, What to Expect?

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Trading Idea - Lennar Broke Resistance, What to Expect?

Published on Friday, 10 February 2012 07:36 Written by TradersHuddle Wire

New York, February 10th (TradersHuddle.com) - Shares of Lennar Corporation (NYSE:LEN) closed the trading session at $23.74 just above calculated resistance at $23.47 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

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's stock was trading in a well defined range with support at $21.33 and resistance at $23.47, given that this range was broken traders will be closely monitoring the stock

Note - Automated Content Created By TradersHuddle's Technical Scanner

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