Which way is LEN headed?
Appears that Lennar is headed from bearish to bullish trend, however it did not cross the August high resistance levels. Will LEN check back to the 150 day moving average? or will it break trend and cross the resistance level. I'm leaning to checking back based on macro. Higher rates and poor customer traffic will hurt top line and/or margins. Builders are having to provide incentives (buy points, discount, etc) in order to drive sales.
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