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Home Building Charts Foretold Price Downside
The major home builders are on the price downside and their price charts
foretold the current decline. The bearish patterns began to unfold in
February 2007.
Avoid these stocks.
| Home
Building Stocks - Chart Patterns |
| Company |
Symbol |
Chart Pattern |
| Beazer Homes USA |
|
Double top |
| Brookfield Homes |
|
Double top and resistance level |
| Centex |
|
Head and shoulders top |
| D R Horton |
|
Head and shoulders top |
| Homebuilders
SPDR |
|
Head and shoulders top |
| Hovnanian Enterprises |
|
Double top |
| iShares
Dow Jones U.S. Home Construction |
|
Double top |
| Lennar |
|
Double top and head and shoulders top |
| KB Home |
|
Multiple top |
| MDC Holdings |
|
Double top |
| Meritage Homes |
|
Down trend |
| NVR |
|
Double top |
| PowerShares
Dynamic Building & Construction |
|
Head and shoulders top |
| Pulte Homes |
|
Double top |
| Ryland Group |
|
Head and shoulders top |
| Standard Pacific |
|
Sharp top |
| Toll Brothers |
|
Head and shoulders top |
Related Articles:
buyupside.com
Articles About the Price Downside
Home Building Stocks
Price Patterns - A Double
Top Signals a Downside
Price Patterns - Head
and Shoulders Top Is a Complex Pattern
Price Patterns - A Multiple
Top Is a Complex Formation
Price Patterns - Triple Top
Signals End of Upside Move
Price Upsides Often
Occur in Three Stages
Posted March 14, 2007.
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