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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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July 28, 2015
10:28 EDTDHID.R. Horton says housing getting better
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10:24 EDTDHID.R. Horton sees 2016 revenue growth driven by volume, price
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10:20 EDTDHID.R. Horton sees FY16 consolidated revenue up 10%-15%
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10:20 EDTDHID.R. Horton says sales trends 'solid' in July
Sees Q4 backlog conversion rate 81%-84%. Sees Q4 home sales gross margin in high 19%-20% range. Sees Q4 homebuilding SG&A 8.7%-8.9% of homebuilding revenues. Says sales trends "solid" in July. Sees Q4 Financial Services operating margin 35%-40%. Sees Q4 tax rate 35%-36%. Sees Q4 average selling price $285,000-$290,000. Comments made on the Q3 earnings conference call. D.R. Horton is down 0.52% to $26.60 in morning trading.
07:05 EDTDHID.R. Horton says well-positioned to finish FY strong, have even stronger FY16
07:05 EDTDHID.R. Horton reports Q3 EPS 60c, consensus 50c
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