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Homebuilder Upgrades Fortify Potential Sinkholes

Stocks in this article: DHIHOVKBHLENPHMRYLSPFTOLHGX

Hovnanian (HOV) ($4.98 vs. $5.99 on March 19) has been upgraded to buy from sell with the stock well below its Jan. 2 high at $7.43. Investors had the opportunity to sell HOV above my semiannual pivot at $6.00 following my March 19 post. The weekly chart shifted to negative on March 29 and stays negative with a close this week below the five-week MMA at $5.55. My quarterly value level is $3.68 with my semiannual risky level at $6.00.

KB Home (KBH) ($20.73 vs. $20.42 on March 19) has been upgraded to hold from sell and set a multi-year high at $22.67 on April 12. During the week of March 19 investors had the opportunity to sell this stock at its weekly risky level at $21.69. The weekly chart is still positive but overbought with the five-week MMA at $20.54. My quarterly value level is $13.06 with my semiannual risky level at $22.95.

Lennar (LEN) ($38.29 vs. $41.58 on March 19) has been upgraded to hold from sell and set its multi-year high at $43.90 on March 20. Investors had the opportunity to book profits at my March monthly risky level at $42.27. The weekly chart has been negative since April 5 and stays negative with a close this week below the five-week MMA at $40.09. My semiannual value level is $36.03 with quarterly risky level at $40.95.

PulteGroup (PHM) ($18.26 vs. $20.75 on March 19) has been upgraded to buy from sell with its multi-year high at $21.97 set on Jan 28. The weekly chart has been negative since April 5 and stays negative with a close this week below the five-week MMA at $19.43. My quarterly value level is $17.40 with a weekly pivot at $19.16 and monthly risky level at $24.68.

Ryland Group (RYL) ($38.15 vs. $40.73 on March 19) has been upgraded to hold from sell and set a multi-year high at $43.00 on Jan 30. The weekly chart shifts to negative on a close this week below the five-week MMA at $39.25. My quarterly value level is $36.89 with a weekly risky level at $40.19.

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