Traders should now look for long-biased trades in LEN as long as it's trending above today's low of $38.78, and then once it sustains a move or close above its 50-day at $40.35 with volume that hits near or above 4.20 million shares. If that breakout hits soon, then LEN will set up to re-test or possibly take out its next major overhead resistance levels at $42 to $43.90.
Huntington Ingalls Industries
Huntington Ingalls Industries (HII) designs, builds, overhauls and repairs ships primarily for the U.S. Navy and the U.S. Coast Guard. This stock is trading up 1.2% at $52.79 in recent trading.
Today's Volume: 277,000Average Volume: 276,177 Volume % Change: 50% From a technical perspective, HII is trending higher here right above some near-term support levels at $51 to $50.41 with above-average volume. This move is quickly pushing shares of HII within range of triggering a near-term breakout trade. That trade will hit if HII manages to take out some near-term overhead resistance levels at $54.16 to $54.22 with high volume. Traders should now look for long-biased trades in HII as long as it's trending above today's low off $52.17 or above $52, and then once it sustains a move or close above those breakout levels with volume that hits near or above 276,177 shares. If that breakout triggers soon, then HII will set up to enter new 52-week-high territory above $54.22, which is bullish technical price action. Some possible upside targets off that breakout are $57 to $60. Beazer Homes USA Beazer Homes USA (BZH) designs, sells and builds single-family and multi-family homes in the U.S. This stock is trading up 6.6% to $15.80 in recent trading. Today's Volume: 1.39 million Average Volume: 1.18 million Volume % Change: 76% From a technical perspective, BZH is ripping higher here right above some near-term support levels at $14.50 to $14.26 with above-average volume. This stock recently failed right at its 50-day moving average and then pulled back to a low of $14.26. Shares of BZH are now trending higher off that low and quickly moving within range of triggering a near-term breakout trade. That trade will hit if BZH manages to take out its 200-day moving average at $15.99 and then its 50-day moving average at $16.23 with high volume.
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