How to trade Dr Horton $DHI With Risk Controls

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Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time.

Jan 19, 2021 (Stock Traders Daily via COMTEX) — The Dr Horton (NYSE: DHI) report below can help you, but we have more details too. The trading plans for DHI, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Technical Summary

Bias Strong Weak Strong
P1 0 0 65.29
P2 69.28 66.93 76.69
P3 70.37 70.03 87.18
Long Term Trading Plans for DHI

January 19, 2021, 9:45 am ET

The Technical Summary and Trading Plans for DHI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DHI Report.

DHI – (Long) Support Plan

The technical summary data tells us to buy DHI near 65.29 with an upside target of 76.69. This data also tells us to set a stop loss @ 65.1 to protect against excessive loss in case the stock begins to move against the trade. 65.29 is the first level of support below 71.06 , and by rule, any test of support is a buy signal. In this case, support 65.29 would be being tested, so a buy signal would exist.

DHI – (Short) Resistance Plan

The technical summary data is suggesting a short of DHI as it gets near 76.69 with a downside target of 65.29. We should have a stop loss in place at 76.91though. 76.69 is the first level of resistance above 71.06, and by rule, any test of resistance is a short signal. In this case, if resistance 76.69 is being tested, so a short signal would exist.

COMTEX_377905777/2570/2021-01-19T10:13:11

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The MarketWatch News Department was not involved in the creation of this content.