Watch for Continued Gains in Shares of DR Horton (DHI)

Published on Thu, 02/19/2015 - 15:34
By Adrienne Chilton in 52 Week high-lows, DHI, 52 week high/lows, dr horton, nyse:dhi

DR Horton (NYSE:DHI) traded today at a new 52-week high of $27.46. Approximately 2.5 million shares have changed hands today, as compared to an average 30-day volume of 8.4 million shares.

D.R. Horton, Inc. constructs and sells single-family homes designed primarily for the entry-level and move-up markets. The Company operates in the Midwest, Mid-Atlantic, Southeast, Southwest, and Western regions of the United States. D.R. Horton also, through its financial services operations, provide mortgage financing and title agency services to homebuyers.

In the past 52 weeks, DR Horton share prices have been bracketed by a low of $19.29 and a high of $27.46 and are now at $27.45, 42% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.40% higher over the past week, respectively.

Based on a current price of $27.45, DR Horton is currently 4.0% above its average consensus analyst price target of $26.34. The stock should discover initial support at its 50-day moving average (MA) of $24.96 and subsequent support at its 200-day MA of $23.23.

By Adrienne Chilton
achilton@fnno.com

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