Shares of KB Home (KBH) have fallen hard in the last two weeks as interest rates have started to creep higher. In addition, the the economic outlook continues to stay cloudy as Covid-19 cases spike. However, the KB Home stock chart is nearing a major buy level. The daily 200 moving average is quickly approaching at $32.10. Based on the stock entering oversold territory, down from $42 to $34, a drop to $32.00 triggers a swing trade buy for a bounce. Look for the stock to bounce back to $36.00 off that level.
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KB Home stock chart below….See the level to buy!