May 10, 2013 (Market movers via COMTEX) -- One of today's notable stocks on the rise is Hovnanian Enterprises (NYSE:HOV), up 1.5% to $6.08. The S&P is trading fractionally lower to 1,626 and the Dow is trading fractionally lower to 15,066.
Hovnanian Enterprises (NYSE:HOV) defies analysts with a current price ($6.08) 17.8% above its average consensus price target of $5.00. Hovnanian Enterprises shares have support at the 50-day moving average (MA) of $5.67 and additional support at the 200-day MA of $4.83.
In the past 52 weeks, Hovnanian Enterprises share prices have been bracketed by a low of $1.52 and a high of $7.43 and are now at $6.08, 300% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 0.4%.
Hovnanian Enterprises, Inc. designs, constructs, and markets single-family homes, townhomes, and condominiums in planned residential communities. The Company operates in the states of New Jersey, North Carolina, Pennsylvania, Virginia, Maryland, New York, California, Texas, Tennessee, Alabama, and Mississippi, and in Poland. Hovnanian also provides mortgages to its homebuyers.
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