KBH has fundamental pressure but offers a swing trade opportunity at $42.50.
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We'll look at other names like KBH. KBH reported earnings. We'll see where that is and if there's a trading opportunity.
Take a look at KBH down. Now, interestingly enough, the 30year yield hit a new high of 7.12%. So, again, that's putting pressure. You throw in trucking wood wherever you want. I mean, it's the prices for them to build are going up.
And then for you and I to buy if we're getting a mortgage, it's going up. So again, that's more and more pressure. So believe it or not, KBH actually had decent earnings, but the pressure continues on these names.
Where am I looking at? First of all, not enough movement as a swing trade or as a day trade. But as a swing trade, I love this level on KBH. Look at that. If it comes down here as a swing trade right down into this 4250 level only $4 lower, that's the one to watch.
All right, so keep that on your radar. That looks good to me.
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What this channel has said about $KBH
Verified Investing has only this one call on this stock.