LEN Trade on Aug 16, 2021 10:15 from MichaelBLe: Tradervue User Stock Trades.

There is a clear rotation out of tech stocks this morning and cyclical stocks are starting to show strength this morning. I went with LEN because it's a steady mover not wild.
The area that I'm risking is near by at 107. This trade is a low risk hedge against the rotation.

I was hoping to get this name on a pullback towards the pivot area of 106.5 but the stock never quiet made it down there.

As I stated before, LEN doesn't fit the description as a super high growth name that will move my portfolio balance. But this stock is in a good position to take out ATHs.

The earnings and sales growth isn't consistent. Since they build homes, this may be due to seasonality. This is something that I have to learn too about certain businesses. Some industries have seasonality where business are busy

9:10AM
This stock is moving decent for me. I will be moving my stop loss up aggressively due to the market conditions. Aggressive rotation is happening and I need to be quick with reducing risk right now.

I like the volume with the follow through. LEN had good volume going through the recent high of 109.5 and now consolidating. I don't have any plans to add into this trade until we clear 110.

4:32PM
I added into this trade as we broke the 110 barrier and moved my stop loss to break even. My stop was taken out and the position was closed. This is becoming the hard penny environment.