May 08, 2013 (Market movers via COMTEX) -- KB Home (NYSE:KBH) is one of today's notable stocks in decline, down 3.4% to $23.84. The Dow Jones Industrial Average is now trading fractionally higher to 15,059 and the S&P is trading 0.2% higher to 1,629.
KB HOME builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title and insurance services.
KB Home (NYSE:KBH) defies analysts with a current price ($23.84) 25.5% above its average consensus price target of $17.75. KB Home shares have support at the 50-day moving average (MA) of $21.22 and additional support at the 200-day MA of $16.22.
KB Home share prices have moved between a 52-week high of $24.79 and a 52-week low of $6.46 and are now trading 269% above that low price at $23.84 per share. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 2.0%.
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