Lennar (LEN Stock): Could the price move towards the 80 level?

AAATrade Team AAATrade

Today’s instrument is the Lennar Corp. stock traded on the NYSE exchange under the ticker LEN.

Looking at the LEN’s chart, we can see it is in a downward trend in the past weeks and it is traded at around $64.60

Lennar Corp. is announcing its quarterly earnings today and If the market’s expectations are positive then, today we could expect the price to move upwards, towards the $80 resistance level.

Otherwise, it can test again its support level at around $62.50.Today’s instrument is the Lennar Corp. stock traded on the NYSE exchange under the ticker LEN.

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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