141% GAIN ON HOME BUILDER KBH – INTEREST RATES ARE RISING
By Nigam Arora & Dr. Natasha Arora
KBH is long from $16.15. It is trading at $39.02. This represents a gain of 141%.
Here are the key points applicable to KBH:
- KBH is a home builder.
- Demand for housing in the price range and the geographic locations where KBH builds is strong.
- We shared with you in the Morning Capsule that the 10-year Treasury note rose above 1.90%.
- As interest rates rise, the sentiment for home builders becomes negative.
Zones
For the foregoing reasons, the buy zone for KBH is being suspended. A new buy zone will be given when there is more clarity about the Fed policy.… Please click here or the title below to read more.
February 4, 2022
