Could Lennar (LEN Stock) rise towards the 77.80 level?

AAATrade Team AAATrade

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.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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