D.R. Horton (DHI) : Thursdays money flow analysis of D.R. Horton (DHI) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $32.13 million. In comparison, the inflow of money on upticks was a meager $22.53 million. The dollar value of composite uptick trades minus the downtick trades was negative $9.6 million. The uptick to downtick ratio of 0.7 in the money flow shows weakness. The uptick block trades were valued at $4.72 million. The downtick transaction value was high at $11.45 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.41. Hence, the net money flow in the stock was negative ($6.74 million). D.R. Horton (DHI) gained $0.12 at $32.83, a change of 0.37% over the previous days close.
D.R. Horton (DHI) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $24. The average forecast of all the analysts is $32.77 and the expected standard deviation is $4. The stock has recorded a 20-day Moving Average of 5.73% and the 50-Day Moving Average is 7.69%.
D.R. Horton (NYSE:DHI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.90 and $32.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.83, notching a gain of 0.37% for the day. The total traded volume was 5,287,311 . The stock had closed at $32.71 on the previous day.
D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.