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Friday, March 23, 2012

Unexpected Volume Found - (NYSE: KBH)

KB Home (NYSE: KBH): fell by 11.08% or $-1.245/share to $10.00. In the past year, the shares have traded as low as $5.02 and as high as $13.60. On average, 6439840 shares of KBH exchange hands on a given day and today's volume is recorded at 7270112. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $11.59 represents resistance and the 200-day moving average of $8.31 would be an area of support.