KB HOME STOCK BREAKS OUT ON GOOD EARNINGS IN THE RED HOT HOUSING MARKET
The housing market is red hot. The hottest housing segment is starter homes and this is exactly where KBH is focused. KBH is long from $16.15. It has traded at $40.94 after earnings in the aftermarket. The Chart Please click here for a chart of KB Homes (KBH). Note the following: Technically the stock has broken out. Going into the close, the stock was running up in anticipation of good earnings. Earnings were better than the consensus and whisper numbers. Stocks move based on the difference between the reported earnings and the whisper numbers. In the afterhours, after the