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Beazer Homes Bearish Moving Average Crossover Alert (BZH)

Published on Wed, 02/20/2013 - 12:18
By Mallory Stone

Today, shares of Beazer Homes (NYSE:BZH) have crossed bearishly below their 10-day moving average of $17.05 on a volume of 493K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Beazer Homes USA, Inc. designs, builds, and sells single family homes in the Southeast, Southwest, and South Central regions of the United States. The Company's homes are designed to appeal to entry-level and first move-up home buyers.

In the past 52 weeks, shares of Beazer Homes have traded between a low of $10.90 and a high of $20.15 and are now at $16.66, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Based on a current price of $16.66, Beazer Homes is currently 0.5% above its average consensus analyst price target of $16.57. The stock should hit resistance at its 50-day moving average (MA) of $17.09, as well as support at its 200-day MA of $15.50.

By Mallory Stone
mstone@fnno.com