May 14, 2013 (52 Week high-lows via COMTEX) -- Shares of Lennar (NYSE:LEN) traded at a new 52-week high today of $44.09. This new high was reached on approximately average trading volume as 3.2 million shares traded hands, while the average 30-day volume is approximately 4.3 million shares.
Lennar Corporation constructs and sells single-family attached and detached homes, and to a lesser extent multi-level buildings as well as as buys and sells residential land. The Company also provides mortgage financing, title insurance, closing services and other ancillary services (including personal lines insurance, high-speed Internet and cable television).
In the past 52 weeks, Lennar share prices have been bracketed by a low of $23.48 and a high of $44.09 and are now at $43.90, 87% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.
Lennar (NYSE:LEN) defies analysts with a current price ($43.90) 4.7% above its average consensus price target of $41.83. The stock should find initial support at its 50-day moving average (MA) of $40.90 and further support at its 200-day MA of $37.85.
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