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Beazer, Lennar, Pulte, Other Homebuilders Fall Off Multi-Year Highs

Stocks in this article: BZHDHIHOVKBHLENMDCMHOPHMRYLSPFTOL

Hovnanian (HOV) ($5.28 vs. $5.74 on July 15) set its multi-year at $7.43 as 2013 began and returned to its 200-day SMA on a reversion to the mean at $5.37 on June 24. The 2013 low is $4.65 set on April 18 with a quarterly pivot at $5.47, the 200-day SMA at $5.70 and monthly risky level at $6.39.

KB Home (KBH) ($17.01 vs. $18.97 on July 15) set its multi-year at $25.14 on May 15 and returned to its 200-day SMA on a reversion to the mean at $18.49 on July 5. My weekly value level is $16.10 with a quarterly pivot at $17.43, the 200-day SMA at $18.89 and annual risky level at $22.95.

Lennar (LEN) ($33.88 vs. $35.55 on July 15) set its multi-year at $44.40 on May 20 and returned to its 200-day SMA on a reversion to the mean at $38.69 on June 3. The 2013 low is $30.90 set on August 15 with a semiannual pivot at $35.45, the 200-day SMA at $38.75 and monthly risky level at $38.64.

MDC Holdings (MDC) ($30.25 vs. $32.93 on July 15) set its multi-year at $42.41 on Jan. 29 and returned to its 200-day SMA on a reversion to the mean at $36.04 on April 1. My semiannual value level is $28.44 with a weekly pivot at $30.88, the 200-day SMA at $36.02 and quarterly risky level at $35.35.

M/I Homes (MHO) ($20.70 vs. $23.85 on July 15) set its multi-year at $29.07 on Jan. 9 and returned to its 200-day SMA on a reversion to the mean at $21.73 on April 5. My semiannual value level is $19.20 with a semiannual pivot at $22.88, the 200-day SMA at $23.91 and quarterly risky level at $23.63.

PulteGroup (PHM) ($16.28 vs. $19.54 on July 15) set its multi-year at $24.47 on May 15 and returned to its 200-day SMA on a reversion to the mean at $18.87 on June 20. My annual value level is $14.00 with a semiannual pivot at $14.85, the 200-day SMA at $19.24 and quarterly risky level at $19.37. Pulte is the biggest loser since July 15 with a decline of 20%, but this stock is the only buy rated name among the 11.

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