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Pullback Testing Support at 50-Day Moving Average Line - Thursday, January 6, 2022
D R Horton Inc (DHI -$1.57 or -1.52% to $101.50) saw higher trading volume behind today's 2nd consecutive loss while pulling back from near its all-time high. It showed stalling action since highlighted in yellow with pivot point cited based on its 5/10/21 high plus 10 cents in the 12/06/21 mid-day report. Its 50-day moving average (DMA) line ($101.62) defines near-term support above the prior low ($99.24).
DHI was highlighted in the 12/06/21 mid-day report (read here) in yellow with pivot point cited based on its 5/10/21 high plus 10 cents. It was covered in greater detail that evening with an annotated graph under the headline, "Builder Built a Solid Base And Challenged Prior High".
It has an Earnings Per Share Rating of 98. Sep '21 earnings rose +68% on +27% sales revenues versus the year-ago period, its 8th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong.
The company hails from the Building - Residential/Commercial industry which is currently ranked 50th on the 197 Industry Groups list (L criteria). The number of top-rated funds owning its shares rose from 1,834 in Dec '20 to 1,917 in Sep '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.4 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
Builder Built a Solid Base And Challenged Prior High - Monday, December 6, 2021
D R Horton Inc (DHI +$3.17 or +3.09% to $105.71) posted a solid gain backed by +70% above average volume and managed a best-ever close after highlighted in the earlier mid-day report (read here) in yellow with pivot point cited based on its 5/10/21 high plus 10 cents. It challenged its all-time high with today's volume-driven gain and no resistance remains due to overhead supply. Recently it rallied from a double bottom base. Disciplined investors will note that the market direction (M criteria) remains a concern regarding any new buying until a new confirmed rally with a follow-through day.
Reported Sep '21 earnings +68% on +27% sales revenues versus the year-ago period, its 8th strong quarterly comparison above the +25% minimum guideline (C criteria). Annual earnings growth (A criteria) has been strong. The market direction (M criteria) remains a concern regarding any new buying until a new confirmed rally with a follow-through day.
The company hails from the Building - Residential/Commercial industry which is currently ranked 66th on the 197 Industry Groups list (L criteria). The number of top-rated funds owning its shares rose from 1,834 in Dec '20 to 1,957 in Sep '21, a reassuring sign concerning the I criteria. Its current up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness Rating of A and Sponsorship Rating of B.
