Below is a snapshot of major US homebuilder stocks run through our Trend Analyzer tool. Our Trend Analyzer shows both the year-to-date percentage change for each stock as well as its 5-day percentage change.
Incredibly, a major homebuilder like KB Home (KBH) rose 48.35% last week, but it’s still down 47.5% year-to-date. M/I Homes (MHO) is up 41.28% over the last week but is still down 53.3% year-to-date. You see similar numbers up and down the list. And even after a huge rally last week, every homebuilder on the list is still 20% below its 50-day moving average or more. Toll Brothers (TOL) is another name that is still down nearly 50% year-to-date even though it rallied 37% last week. Ahead of the open this morning, TOL is trading 42.75% below its 50-day moving average. Start a two-week free trial to Bespoke Premium to use our Trend Analyzer across the spectrum of US stocks and ETFs.