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Homebuilders Upgraded On Weakness

Stocks in this article: BZH DHI HOV KBH LEN MDC MHO PHM RYL SPF TOL

MDC Holdings (MDC) ($37.33 vs. $38.06 on May 10) was downgraded to sell on May 2 and has been upgraded to hold today. MDC traded as high as $40.93 on May 22 and tested its 200-day SMA at $37.28 on Monday on a reversion to the mean. My monthly value level is $36.26 with an annual pivot at $37.06 and weekly risky level at $40.03.

M/I Homes (MHO) ($25.23) has been upgraded to hold and traded as high as $27.88 on May 20. My semiannual value level is $19.99 with a weekly risky level at $27.33.

PulteGroup (PHM) ($21.32 vs. $23.35 on May 17) was downgraded to hold on April 30 then to sell on May 10, then to strong sell on May 17. Today the stock has been upgraded to buy. PulteGroup set a multi-year high at $24.47 on May 15. My quarterly value level is $17.40 with a monthly risky level at $23.75.

Ryland Group (RYL) ($45.18 vs. $48.92 on May 17) was downgraded to sell on April 30 then to strong sell on May 17, then been upgraded to hold today. Ryland set a multi-year high at $50.42 on May 20. My quarterly value level is $36.89 with a monthly risky level at $49.22.

Standard & Pacific (SPF) ($8.73 vs. $9.24 on May 17) was downgraded to sell on April 30 then to strong sell on May 17. Standard & Pacific set a multi-year high at $9.97 on May 14. My quarterly value level is $7.61 with a monthly risky level at $9.41.


Toll Brothers (TOL) ($33.59 vs. $36.13 on May 17) was downgraded to sell on May 17 and has been upgraded to hold today. Toll Brothers set a multi-year high at $39.25 on May 22 and closed Monday just below its 200-day SMA at $33.95 on a reversion to the mean. My annual value level is $31.95 with a quarterly pivot at $34.31 and monthly risky level at $34.69.

At the time of publication the author held no positions in any of the stocks mentioned.

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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