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Stock Investors Bid Up Shares of NVR Inc, Up 2.1%

Published on Fri, 02/22/2013 - 11:31
By Mallory Stone

NVR Inc (NYSE:NVR), a company whose shares are moving quickly, is trading 2.1% higher to $1001.63. The S&P is trading higher by 0.4% to 1,508 and the Dow is trading 0.4% higher to 13,940.

NVR, Inc. builds and markets homes and conducts mortgage banking activities. The Company builds single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and other tradenames. NVR provides a number of mortgage related services to its homebuilding customers and to other customers through its mortgage banking operations.

NVR Inc (NYSE:NVR) is currently priced 8.1% above its average consensus analyst price target of $920.33. The stock should discover initial support at its 50-day moving average (MA) of $977.42 and subsequent support at its 200-day MA of $873.65.

In the past 52 weeks, shares of NVR Inc have traded between a low of $667.98 and a high of $1055.94 and are now at $1001.63, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 0.63% higher over the past week, respectively.

By Mallory Stone
mstone@fnno.com