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Leading Homebuilder Stocks BZH MTH HOV Rally into Daily Resistance

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A lot of traders have been puzzled lately by the strength in homebuilder stocks in the face of some of the worst economic data that just came out about the housing market.

Remember, the stock market is (generally) a leading indicator of economic activity so perhaps the poor news was already “baked into” the price of homebuilder stocks.

 
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Created by terry1970 1 year 21 weeks ago – Made popular 1 year 21 weeks ago
Category: Technical Analysis   Tags:

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