KB Home : close watch on the USD 22.2 threshold
By Arnaud Le Berre
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$21.9 | $25 | $21.48 | +14.16% |
Technically, the security shows a bullish configuration and technical patterns are in the green on all-time scales. Prices are supported by 20-day moving average and should stop any bearish reversal. The crossing of the USD 22.2 resistance will give a new dynamism to prices.
In consequence, it seems opportune to take a long position over USD 22.2 in order to benefit from a breakout of the resistance. The first target price will be the USD 25. A stop loss will be set at USD 21.5.