Strong financials support the rise.


Lennar Corporation enjoys strong fundamentals. Its most important asset remains its Growth. Its Sales have increased by 21% since 2014 and the Thomson Reuters Consensus has revised largely upward its EPS estimates for the coming exercises. Lennar Corporation is benefiting from the enhancement of the Building industry. Moreover, the company has nice earnings quality and great profitability.

Technically, the security is returning to its historical levels, reached before the 2008 crisis. The stock has followed an upward trend recently after a technical rebound. The stock is now very close to its USD 55.85 long-term resistance and seems able to break it through.

In case of a breakout of that resistance, which would constitute a strong buying signal, active investors should open long positions and aim the 57.80 USD resistance in a first instance. A stop loss set at the USD 54.95.