This post was just published on ZYX Buy Change Alert.
KBH is a home builder. The new Fed statement is positive for home builders. This morning, a competitor, LEN, reported excellent earnings. If the housing market picks up, KBH is a high reward situation compared to other major home builders.
Consider initiating or adding in the zone of $11 to $13.26 to build up to 50% of the full core position size.
This is a very long-term position now. Target zone is $22 to $26. Mental stops on half the quantity is in the zone of $9.43 to $9.83.
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