PPR - Homebuilding stocks show strength
Homebuilding stock D.R. Horton (DHI) gapped up then continued higher to finish the day up 12% on its strong earnings report. Other homebuilding-related stocks rallied with it. The following stocks had pocket pivots:
FBHS, PHM (closed mid-bar but in context with overall chart, qualifies), LPX, and RYL. All are showing strong earnings acceleration and increasing institutional sponsorship over a number of quarters.
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