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TheStreet Open House

Homebuilders Are Rolling Over

Stocks in this article: HGX DHI LEN MDC TOL

Source: Thomson Reuters

The daily chart for HGX is negative, with the index below its 21-day simple moving average at 137.02 and just above its 50-day at 129.62. Given a close below the 50-day level, the risk is to the 200-day at 116.81.

The table above shows data from ValueEngine.com and my value levels, pivots and risky levels. Use the value levels, pivots and risky levels for your "buy and trade" strategies.

D R Horton (DHI - Get Report) ($17.63) -- My annual value level is $14.45 with a quarterly pivot at $16.79 with a monthly risky level at $19.79.

Lennar Corp. (LEN - Get Report) ($28.97) -- My semiannual value level is $23.97 with a quarterly pivot at $28.89 and monthly risky level at $34.05.

MDC Holdings (MDC - Get Report) ($31.77) -- My quarterly value level is $24.94 with an annual pivot at $32.81 and monthly risky level at $35.71.

Meritage Homes (MTH) ($34.57) -- My semiannual value level is $29.82 with a quarterly pivot at $33.00 and monthly risky level at $36.60.

Pulte Group (PHM) ($11.04) -- My semiannual value level is $8.35 with an annual pivot at $11.37 and monthly risky level at $12.54.

Ryland Group (RYL) ($23.43) -- My quarterly value level is $20.68 with a monthly risky level at $27.09.

Standard & Pacific (SPF) ($5.62) -- My semiannual value level is $4.26 with a quarterly pivot at $5.15 and monthly risky level at $6.47.

Toll Brothers (TOL - Get Report) ($28.97) -- My semiannual value level is $24.20 with an annual pivot at $29.30 and monthly risky level at $31.92.

I advocate the use of GTC Limit Orders to add to long positions or become less short on share price weakness to the value levels. Traders should enter GTC Limit Orders to reduce long positions or to add to a short position on strength to risky levels.

At the time of publication, the author had no positions in any of the stocks mentioned and no other conflicts.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
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