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Lennar Stock Shows Rising Strength; Low Supply, High Demand Keeps Housing Hot

On Monday, Lennar (LEN) received a bump higher for its Relative Strength (RS) Rating, into a new group, rising from 68 to 72.




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The 72 rating means that Lennar stock has outperformed 72% of all stock over the past year. Stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Lennar can continue to rebound and clear that threshold.

Trio Of Factors Lift Lennar Stock

Miami-based Lennar builds single-family homes and detached homes.

Among its other key ratings, Lennar has a powerful 95 EPS Rating. That puts it among the top 5% of all companies in recent and long-term profit growth. Also, Lennar Stock has a strong 91 Composite Rating. Lack of housing supply, low mortgage rates and strong demand among millennials and others are lifting the housing market.

IBD’s Composite Rating combines five separate proprietary ratings of fundamental and technical performance into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

The company reported 61% earnings growth in the latest quarterly report, to $2.65, its third quarter in a row of double-digit profit growth. Revenue climbed 22% to $6.43 billion.

NVR Also Among Top Builders

Additionally, Lennar stock holds the No. 5 rank among its peers in the Building-Residential/Commercial industry group. NVR (NVR) is also among the group’s highest-rated stocks.


Looking For The Best Stocks To Buy And Watch? Start Here


Meanwhile, Lennar stock is trying to complete a cup without handle with a 110.71 entry. See if it can break out in heavy trading.

As you try to find the best stocks to buy and watch, check out the stock’s relative price strength.

IBD’s unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks matched up against all other stocks.

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