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Wednesday, January 11, 2012

LEN

LEN reported today, and while it technically isn't a breakout (and also not a base, since this was not in a prior up trend), it made a breakout type move on volume. Here is one of the strongest price relative lines I have seen in a while. I pointed out yesterday that most of the home builders that are npow at new 52 week highs are miles off their 5 year highs, but all that means is that it doesn't take much improvement in their fundamentals to get them moving, and right now a bunch of these are. I may have to hold my nose and buy a couple of these.


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