Login

Register

Login

Register

KB Home Stock Chart Double Top Sell Signal

Shares of KB Home (KBH) are rising today ahead of earnings (after the bell). The stock has had a meteoric rise from the March 2020 lows of under $10.00/share, now trading at $40.50. Investors should be fully aware that there is a KB Home stock chart double top sell signal here. The homebuilder has recovered to its highs from February 2020 (before COVID-19) hit. With earnings today, this sell signal speaks to a likely pull back in the coming days. While the housing market is hot because of low inventory, lumber prices are skyrocketed and overall building costs have gone higher. The profit margins will get squeezed for these homebuilder stocks like KB Home. Based on the technical chart, look for a pull back to $28.65 in the coming weeks/months. This is a solid short setup into year end.

Members of Gareth’s Verified Investing Alerts have closed out 161 swing trades already in 2020 for a net gain of 1,342.09%. Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE

KB Home Stock Chart Double Top can be seen below in the chart…