Homebuilders Pop

Ryland Group (RYI) and D.R. Horton (DHI) are becoming very tempting buys after the powerful gains both homebuilders enjoyed last week on their latest earnings reports. First, Rylan surged more than 7.5% last Thursday on triple its average trade. That breakout session began with a gap-higher open, and by the close the shares were at a new 52-week high. D.R. Horton followed the next day with an even more impressive move: After a huge gap-higher open, which lifted the stock to a fresh 52-week high, the stock settled with an 8.7% gain on surging trade.

For the sector as a whole, the news-inspired action last week extended the bullish trade that had begun the week before. As the market shows signs that some digestion is needed, the homebuilders are pulling back from their April rallies....319 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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