Shared by
math_psycho
TICKER: LEN
BIAS: LONG
SUPP: 42.70, 43
RES: 44.50
GAP%: 2.4
AVGV: 0.5M
ATR: 1.79
FS%: 12.85
NEWS: More positive sentiment and a 43 basis-point decline in mortgage rates may drive a rally in homebuilder stocks soon, she writes. Likes D.R. Horton and Lennar (NYSE:LEN) due to product segmentation, geographic footprint, and product segmentation.
TRADING PLAN: Buy off of multi-day and premarket support of $42.70. I bought in a little higher at $43.07 and revised my stop to just below $43.00 after waiting all morning.
NOTES: This was a frustrating trade, but I maintained discipline afterwards and let it go, only to watch it sky rocket without me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-09 09:38:39 | LEN | buy | $43.070 | long |
| 2019-01-09 10:47:43 | LEN | sell | $42.970 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!