Could Lennar (LEN Stock) rise towards the 77.80 level?
|Today’s instrument is Lennar, a corporation operated in the household durables industry, traded on the NYSE exchange under the ticker LEN.
Looking at the LEN’s chart, we can see that it is in a downward trend and is currently traded at around $75.80.
Lennar Corp. is announcing its quarterly earnings this week and If the market’s expectations are positive then, today we could see it rising towards its resistance level at around $77.80 otherwise, it should fall towards its support level at approximately $72.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.