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Disappointing New-Homes Sales Report Dents Homebuilders' Stocks



Notice the "sea of red" in the first "crunching the numbers" table as 14 of the 20 stocks in the table are below their five-week modified moving averages. On June 18 only four were below.

Also notice that 15 of 20 stocks have declining 12x3x3 weekly slow stochastic readings. The table on June 18 showed 17 of 20 with rising 12x3x3 weekly slow stochastic readings.

Here are the profiles, the "crunching the numbers" tables follows:

Beazer Homes (BZH) ($18.71) is not a component of housing sector index. This homebuilder is scheduled to report quarterly results on July 31; analysts expect the company to report a loss of 15 cents per share. On July 1, Beazer tested its quarterly risky level at $21.17.

D.R. Horton ($21.94) posted earnings of 32 cents a share on Thursday, missing analysts' estimates of 49 cents. The stock traded as high as $25.23 on July 2, above a semiannual pivot at $23.01 but below its quarterly risky level at $25.79. Thursday's low at $21.87 tested the stock's 200-day simple moving average at $21.86.

Hovnanian (HOV) ($4.46) is scheduled to report quarterly results on Sept. 8; analysts expect the company to report earnings of 7 cents per share. The stock traded as high as $5.31 on June 30, above semiannual risky levels at $4.68 and $5.04.

KB Home (KBH) ($17.72) reported quarterly results on June 27 and beat analysts'  estimates by 6 cents, earning 27 cents per share. The stock traded as high as $18.98 on July 2. Recent weakness has held its 200-day SMA at $17.46.

Lennar ($39.27) reported quarterly results on June 26, and beat analysts' estimates by 10 cents, earning 61 cents per share. The stock traded as high as $42.67 on July 1. Its semiannual risky level remains at $44.34.

MDC Holdings (MDC) ($28.83) reports quarterly results on July 29; analysts expect the company to report earnings of 44 cents per share. The stock traded as high as $30.86 on July 1, testing its monthly risky level at $30.71.

M/I Homes (MHO) ($21.91) reported results on Thursday and beat analysts' estimates by a penny, earning 31 cents per share. The stock traded as high as $24.92 on July 1, shy of its semiannual risky levels at $25.87.

Meritage Homes MTH ($41.44) reported results on Thursday and beat analysts' estimates by 4 cents, earning 85 cents per share. The stock tested and stayed below its 200-day SMA at $43.03 on July 1 and July 23. A monthly pivot is $41.57 with its semiannual risky level at $44.69.

PulteGroup ($19.24) reported results on Thursday and missed analysts' estimates a penny, earning 25 cents. The stock traded as high as $20.64 on July 1, testing its semiannual risky level at $20.51.

Ryland Group (RYL) ($37.44) is scheduled to report quarterly results next Thurdsay. Analysts expect the company to report earnings of 70 cents per share. The stock failed at its 200-day SMA at $40.03 on July 1.

Standard & Pacific (SPF) ($8.01) is scheduled to report quarterly results next Thursday. Analysts expect the company to report earnings of 13 cents per share. The stock traded as high as $8.81 on July 1, with monthly and semiannual risky levels at $9.01 and $9.74, respectively.

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