LENNAR CORP
(LEN-NYSE):
Technical Viewpoint: From a low
of $50.11 on Jun 4, 2002 prices
rallied, reaching a
high of $62.00
on Jun 20, 2002. A
decline saw prices pull back, reaching a
low of
$57.73 on Jun 26, 2002.
Another rally saw prices penetrate
resistance, closing 7/1/02
at $63.30. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.50. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 27, 2002. A P&F upside
reversal takes place at $60.75. Summary: Technical indicators have turned bullish. BUY! LENNAR CORP
(LEN-NYSE) @ $63.38 Stop: Use a protective stop of $60.88.
LENNAR CORP is currently trading @ $63.30 plus $2.10 on Jul 1, 2002. Price Objective:
$75.00. Risk/Reward: $2.50 VS. $11.63. Today's Risk Reward Ratio: 5:1
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