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Homebuilder Downgrades Cloud Earnings

Reporting quarterly results before the open on Thursday is Beazer Homes (BZH - Get Report) ($16.38). This hold rated homebuilder set its 2013 high at $19.48 on Jan. 30. The weekly chart stays positive with a close this week above the five-week modified moving average at $15.93 with its 200-week simple moving average at $18.49. My annual value level is $13.95 with a weekly pivot at $16.54 and monthly risky level at $24.54.

D R Horton ($26.52 vs. $22.14 on April 18): Has been downgraded to sell from hold so it's time to book profits on this buy-and-trade strategy. The stock set a new multi-year high at $27.32 on Monday. The weekly chart is neutral with the five-week MMA at $23.82. My quarterly value level is $22.96 with a weekly pivot at $26.21 and the February 2007 high at $31.13.

Hovnanian (HOV - Get Report) ($5.56 vs. $4.98 on April 18): Maintained its buy rating with the stock rebounding from its 200-day SMA at $4.65 on April 18 to its 50-day SMA at $5.65 on Friday. The weekly chart shifts to positive with a close this week above its five-week MMA at $5.57. My weekly value level is $5.39 with my semiannual risky level at $6.00.

KB Home ($22.82 vs. $20.73 on April 18): Still has a hold rating and set a new multi-year high at $23.50 on Monday. The weekly chart remains positive but overbought with the five-week MMA at $20.98. My quarterly value level is $13.06 with a semiannual pivot at $22.95 and a weekly risky level at $24.28.
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SYM TRADE IT LAST %CHG
BZH $18.47 2.30%
HOV $2.02 2.80%
MDC $29.17 0.79%
MHK $195.82 2.20%
TOL $38.59 2.00%

Markets

Chart of I:DJI
DOW 17,628.76 +188.17 1.08%
S&P 500 2,094.84 +27.20 1.32%
NASDAQ 5,095.4360 +55.66 1.10%

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