Momentum Building for Lennar Corp.

Take advantage of this prime setup... Did you notice homebuilding stocks surging? I did! For today’s Trade of the Day e-letter we will be looking at a Movi August 22nd, 2024 Momentum Building for Lennar Corp. Dear Reader, Did you notice homebuilding stocks surging? I did! For today’s Trade of the Day e-letter we will be looking at a Moving Average Convergence/ Divergence (MACD) chart for Lennar Corp. stock symbol: LEN. Lennar Corporation is engaged in homebuilding and financial services in the United States. The company’s reportable segments consist of Homebuilding, Lennar Financial Services, Rialto and Lennar Multifamily. Despite the varied product portfolio, homebuilding remains Lennar’s core business. The LEN daily price chart below shows that LEN is in a price uptrend as the 24/52 day MACD line (black line) is above the 18-Day EMA (purple line). The Moving Average Convergence/ Divergence chart is shown below the daily price chart. LEN Prime to Buy As long as the 24/52 Day MACD line remains above the 18-Day EMA, the stock is more likely to keep trading at new highs in the coming days and weeks. Since LEN’s bullish run is likely to continue, the stock should be purchased. Since LEN’s 24/52 Day MACD is trading above the 18-Day EMA and will likely rally from here, let’s use the Hughes Optioneering calculator to look at the potential returns for a LEN call option spread. The analysis reveals that if LEN stock is flat or up at all at expiration the spread will realize a 66.7% return (circled) and if LEN stock decreases 7.5% at option expiration, the option spread would make a 66.7% return (circled). Option spread trades can result in a higher percentage of winning trades compared to a directional option trade if you can profit when the underlying stock/ETF is up, down or flat. A higher percentage of winning trades can give you the discipline needed to become a successful trader. The Hughes Optioneering Team is here to help you identify profit opportunities just like this one. Chuck’s Copilot Trade Finder Take a look at this trade idea that Chuck’s brand new [‘Copilot’]( tool found recently. Chuck’s [‘Copilot’]( identified that BSX is breaking out to the upside and offers a strong trade setup. Profit target #1 at 79.02 Profit target #2 at 79.74 [Click here]( to register for Friday’s FREE presentation where Chuck will unveil his new [Copilot trading suite](. Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at [dailytrade@chuckstod.com]( *Trading incurs risk and some people lose money trading.  --------------------------------------------------------------- See Related Articles [Investors Gobble Up Gold Miner Shares]( [SLG: ‘Buy Zone’ Opportunity Spotted]( [109.3% Profit Potential for this REIT?](  --------------------------------------------------------------- [TradeWins Logo](  © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add [todaystrade@chuckstod.com]( to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC (“Legacy”) Trading Services, newsletters and educational publications (“Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. This email was sent to {EMAIL} by chuckstod@tradewins.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](