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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Insurance Technology's Homepage ]