They WARNED that they will miss the second qrtr by .25 with a charge that is deffered from this qrtr,,,,, by a larger percentage than they raised,,,,,, No one mentioned higher rates in the C.C. Afordability is at an all time low and prices and costs are going up,,, something has got to give, and all the insider selling is probably just a hint
1. both the slow and fast stochastic are in very oversold teritory. this happened three times in the last year , just like we are seeing now. what happened each time is that the stock rallied immediately, and rapidly 20% higher,
plus, 2. the stock has very strong support at the $55 level, and this is exactly where we are now. every since the beginning of the year, stock has been in a trading range , between $55, and $63. so the stock is again at the bottom of the trading range, $55.
This, plus earnings momentum, PLUS short covering make this stock an EXCELLENT short term trading stock at the very least. Trade with target at least $62 on strong rally of one month time frame.
as you can see, both in the beginning of January, and end of February, both fast and slow stochastics were in the same oversold position we are seeing today-eaxactly, and the result? The stock rallied strongly