KBH HOME
(KBH-NYSE):
Technical Viewpoint: From a low
of $38.88 on Feb 20, 2002 prices
rallied, reaching a
high of $46.72
on Mar 4, 2002. A
decline saw prices pull back, reaching a
low of
$39.31 on Mar 21, 2002.
Another rally saw prices penetrate
resistance, closing 4/22/02
at $48.88. Technicals: RSI Index (RSI): A Buy Alert!
was given on Apr 19, 2002 when the solid line crossed the dotted line to the upside.
Support: Remains at $45.75. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 9, 2002. A P&F upside
reversal takes place at $46.50. Summary: Technical indicators have turned bullish. BUY! KBH HOME
(KBH-NYSE) @ $49.13 Stop: Use a protective stop of $46.63.
KBH HOME is currently trading @ $48.88 plus $2.46 on Apr 22, 2002. Price Objective:
$60.25. Risk/Reward: $2.50 VS. $11.13. Today's Risk Reward Ratio: 4:1
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