Home-builders Stocks In Quicksand Today
This morning, many of the leading home-builder stocks are sliding lower at the start of the trading day. Lennar Corp (NYSE:LEN) is one of the leading stocks in the sector. Today, LEN is trading lower by 0.37 cents to $35.09. Day traders should watch for intra-day support around the $34.95, and $34.40 levels. Please understand, the industry group is showing relative strength when compared to the S&P 500 Index today, so if the stock market declines the home-builder sector could decline further on the session.