Beazer Homes USA
One name under-$10 name in the homebuilding complex that's worth monitoring here is Beazer Homes USA (BZH - Get Report), which designs, sells and builds single-family and multi-family homes. This is yet another stock that the sellers have done a number on, since shares are off by over 50% so far in 2011.
If you take a look at the chart for Beazer Homes USA, you'll notice that this stock has been uptrending for the last two months, with shares making mostly higher highs and higher lows. Anytime you see price action like this on any chart, it should be considered very bullish. It demonstrates that large traders are paying up to own shares each time the stock dips. This strong uptrend now sets up BZH for a big breakout if it can manage to clear some overhead resistance levels in the near future.
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