D.R. Horton
DHI
Real-time BATS EXCHANGE - 05/25 10:00:00 pm
42.65USD
+2.13%

Close to an important medium term support level

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David Meurisse
Contributor / Partner

Strategy published on : 02/08/2018 | 16:07

long trade
Stop-loss triggered

Entry price : 46.48$
Target : 52.4$
Stop-loss : 42.9$
Potential : 12.74%

Pursuant to the correction that has taken place in recent weeks with respect to the shares in D.R. Horton, further downside risk now appears limited by close and important technical support levels at 43.26 USD.
Investors have an opportunity to buy the stock and target the $ 52.4.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The company returns high margins, thereby supporting business profitability.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 12.94 for the current year.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For several months, analysts have been revising their EPS estimates roughly upwards.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The tendency within the weekly time frame is positive above the technical support level at 41.94 USD

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