Insurance Technology Industry News

TMCNet:  28.7% Return Seen to Date on SmarTrend Lennar Call (LEN)

[November 14, 2012]

28.7% Return Seen to Date on SmarTrend Lennar Call (LEN)

Nov 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Lennar (NYSE:LEN) on June 26th, 2012 at $27.45. In approximately 5 months, Lennar has returned 28.66% as of today's recent price of $35.31.

In the past 52 weeks, Lennar share prices have been bracketed by a low of $16.31 and a high of $39.33 and are now at $35.31, 116% above that low price. The 200-day and 50-day moving averages have moved 0.81% higher and 1.06% higher over the past week, respectively.

Lennar Corporation constructs and sells single-family attached and detached homes, and to a lesser extent multi-level buildings as well as as buys and sells residential land. The Company also provides mortgage financing, title insurance, closing services and other ancillary services (including personal lines insurance, high-speed Internet and cable television).

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Lennar shares.Log in and add Lennar (LEN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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