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

Pulte was added to my subscription product, ValuTrader Model Portfolio at the open at $14.66 on Aug. 15 as that open was below my semiannual value level, now a pivot at $14.85. Subscribers use GTC limit orders to buy weakness to a value level and if an open is below that price the execution is at the opening price. At Friday's close this position is up 11.1%.

Ryland Group (RYL) ($36.31 vs. $40.20 on July 15) set its multi-year at $50.42 on May 20 and returned to its 200-day SMA on a reversion to the mean at $37.66 on June 21. My semiannual value level is $33.71 with a weekly pivot at $39.49, the 200-day SMA at $39.27 and quarterly risky level at $41.16.

Standard & Pacific (SPF) ($7.65 vs. $8.56 on July 15) set its multi-year at $9.97 on May 14 and returned to its 200-day SMA on a reversion to the mean at $7.91 on June 24. The 2013 low is $7.05 set on August 15 with a semiannual pivot at $8.73, the 200-day SMA at $8.09 and quarterly risky level at $9.03.

Toll Brothers (TOL) ($31.76 vs. $33.84 on July 15) set its multi-year at $39.25 on May 22 and returned to its 200-day SMA on a reversion to the mean at $33.91 on May 30. My semiannual value level is $24.57 with an annual pivot at $31.95, the 200-day SMA at $32.82 and monthly risky level at $35.95.

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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