| KB Home (NYSE:KBH) Soars On Earnings, Here Is The Target |
|
|
|
|
|
inthemoneystock
Contributing Member
Cash: $ 7.50
Posts: 27
Joined: 12 Jan 2011
Location: New York City, New York
|
| KB Home (NYSE:KBH) Soars On Earnings, Here Is The Target |
 |
|
Shares of KB Home (NYSE:KBH) jumped sharply higher after reporting better-than-expected earnings and upped guidance for the coming year. The home builder saw its stock jump over 11% in trading on Thursday, moving above the $38.00 level. With KB Home stock up almost 100% since September, investors are wondering if now is the time to take profits and possibly short. Based on chart analysis, the target for this current move is $41.00. In other words, there is still another almost $3.00 upside before the risk/reward is in the seller's favor. I will be looking at this $41.00 level for a short.
Gateth Soloway
InTheMoneyStocks
|
Thu Jan 11, 2018 6:48 pm |
|
|
|
