Lennar Corp. stock trades under the ticker LEN & has shown recent bullish behavior that traders & investors should research further into.
LEN stock closed at $98.96/share on 3/14/2023.
Lennar Corp. LEN Stock’s Technical Performance Broken Down
LEN Stock Price: $98.96
10 Day Moving Average: $97.41
50 Day Moving Average: $98.39
200 Day Moving Average: $84.49
RSI: 52.35
MACD: -0.269
Yesterday, LEN stock completed a bullish MACD crossover, gaining 1.62% on the day’s session.
Their RSI is neutral & their recent trading volumes are about average compared to the year prior.
They’ve spent much of the past month consolidating & are signaling near-term weakness on the horizon, which may present investors & traders with more advantageous entry points.
LEN stock has support at the $97.41 (10 day moving average), $94.88 & $94.13/share price level, as they look to break out above their $100.89, $101.20 & $109.28 resistance levels.
Lennar Corp. LEN Stock As A Long-Term Investment
Long-term oriented investors will like LEN stock’s valuation metrics, with a 6.16 P/E (ttm) & a 1.16 P/B (mrq).
They recently reported 20.6% Quarterly Revenue Growth Y-o-Y, with 11.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $4.64B of Total Cash (mrq) & $6.36B of Total Debt (mrq)
LEN stock pays a 1.54% dividend, which appears to be sustainable in the long-run, as their payout ratio is 9.54%.
97.5% of LEN stock’s outstanding share float is owned by institutional investors.
Lennar Corp. LEN Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in LEN stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $97.50, $95 & $92.50 call options are all in-the-money, listed from highest to lowest level of open interest.
The $100, $105, $110 & $115 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
LEN stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics & dividend yield, but may want to look into their balance sheet deeper.
Traders will like their recent technical performance & liquid options.
All-in-all, it is worth taking a closer look into LEN stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN LEN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***