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Trading Lower on Heavy Volume are Shares of Beazer Homes on 1.2x Above-Average Volume (BZH)

Published on Tue, 02/05/2013 - 14:17
By Adrienne Chilton

Beazer Homes's stock is down 0.8% to $17.14 on heavy trading volume. About 1.5 million shares have been traded today, as compared to the 30-day average volume of 1.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 $17.14, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.3%.

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.

Beazer Homes (NYSE:BZH) is currently priced 3.4% above its average consensus analyst price target of $16.56. The stock should find initial support at its 50-day moving average (MA) of $16.62 and further support at its 200-day MA of $15.38.

By Adrienne Chilton
achilton@fnno.com