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Prime Bullish Entry Point for Homebuilding Favorite
KBHKB Home(KBH) Schaeffers Investment Research·2024-06-11 02:48

Homebuilding giant KB Home (NYSE:KBH) is surging today, up 2% to trade at $69.49 at last glance, building on its 11.1% year-to-date gain. The equity has been working hard to recover from its October lows, recently bouncing back after its January post-earnings slump. While things seem to be looking up, KBH doesn't seem to have hit its ceiling yet, as it nears a historically bullish trendline.Per Schaeffer’s Senior Quantitative Analyst Rocky White, KBH has moved within one standard deviation of the 80-day mov ...