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NVR, Inc. Message Board

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  • dutchboyinvestor dutchboyinvestor Mar 28, 2008 11:26 PM Flag

    Technical Considerations

    parabolic move today! Very odd indeed. I've been on the sidelines for last month with NVR but couldn't help myself today and had to open a very small short at close. Would love to sell some shares at 660 but wow I think NVR is entering statosphere right now considering 2008 performance. NE new homes sales down 40% in Feb - wow. If it looks to good to be true it usually is right?

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    • NVR seems to always run somewhat counter to the industry

      if you look at the XHB, which is kind of a proxy for the industry
      (made up of 20 stocks including a dozen homebuilders plus ones like HD, LOW, SHW)
      you can get a more macro flavor

      after dumping 60%, 36 to 15, in 9 months it based out then rose to a resistance area of 22-24

      it now looks like it wants to mess around in a 20-22 or 18-24 zone for now

      NVR conversely has been in a 6 month uptrend and is smack at the midpoint ( 600 )
      of its 2-3 year range ( 400-800 ).

      there IS something different about NVR

1,580.20+3.00(+0.19%)Oct 21 4:04 PMEDT