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Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:56 EDTDHID.R. Horton slips, longer term picture may be more bullish
The shares are down 1.3% to $24.07 in light volume trading. On a technical basis the shares may be in a weaker position short-term than long-term. On the daily chart shares are just a fraction above the 10-day moving average. A break below the 10-day would be a short-term sell signal. On a longer-term basis, pulling out to a 2-year view, the chart has a potential bullish cup and handle pattern in development. The line for the top of the cup and handle is at the $25 level, so that a breakout above the 52-week high at $25.06 would trigger the pattern. Upside potential in the event that the pattern triggers and completes is to the $31 area as a first objective. The pattern could of course disappear as a viable candidate through time as well as price. If it is to trigger it would need to do so within the next week and would need to stay above $23 prior to any move up. A move below $23 to $22.50 would void the pattern.
News For DHI From The Last 14 Days
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January 29, 2016
14:18 EDTDHISanders Capital reports 6.07% passive stake in D.R. Horton
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January 26, 2016
10:00 EDTDHIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded on valuation, 2017 outlook at RBC Capital... America Movil upgraded to Overweight from Equal Weight at Morgan Stanley... BNC Bancorp (BNCN) upgraded to Buy from Hold at Gabelli... Casella Waste (CWST) upgraded to Strong Buy from Outperform at Raymond James... Cenovus Energy (CVE) upgraded to Buy from Neutral at Goldman... Cracker Barrel (CBRL) upgraded to Buy from Neutral at SunTrust... D.R. Horton (DHI) upgraded to Buy from Hold at Zelman... Edison International (EIX) upgraded to Buy from Hold at Evercore ISI... First Financial Bancorp (FFBC) upgraded to Buy from Hold at Sandler O'Neill... Hartford Financial (HIG) upgraded to Overweight from Neutral at Atlantic Equities... Heartland Financial (HTLF) upgraded to Buy from Hold at Sandler O'Neill... MFA Financial (MFA) upgraded to Overweight from Neutral at JPMorgan... National General (NGHC) upgraded to Overweight at Morgan Stanley... Navios Maritime Partners (NMM) upgraded to Overweight from Neutral at JPMorgan... PG&E (PCG) upgraded to Buy from Hold at Evercore ISI... SBA Communications (SBAC) upgraded to Buy from Hold at Stifel... Sally Beauty (SBH) upgraded to Outperform from Perform at Oppenheimer... Sanmina (SANM) upgraded to Neutral from Sell at Citi... Scorpio Bulkers (SALT) upgraded to Overweight from Neutral at JPMorgan... Southern Company (SO) upgraded to Hold from Sell at Evercore ISI... Southern Copper (SCCO) upgraded to Overweight from Neutral at JPMorgan... Vodafone (VOD) upgraded to Buy from Hold at Jefferies.
08:54 EDTDHID.R. Horton upgraded to Buy from Hold at Zelman
08:43 EDTDHID.R. Horton reported solid Q1 results, says JMP Securities
After D.R. Horton reported higher than expected Q1 EPS, JMP Securities thinks that the company "is the best positioned large cap builder to benefit from upside from the return of the first-time buyer." The firm recommends buying the stock at current levels and keeps a $33 price target and Outperform rating on the shares.

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