Lennar Corporation(LEN) has rising momentum with an uptrend

(29-Jan-2008) (29-Jan-2008) Lennar Corporation(LEN) closed at 18.81, up 0.31 or 1.68 % for the day. Based on our analysis, Lennar Corporation(LEN) has rising momentum with an uptrend.

The closing price of Lennar Corporation(LEN) is above its 50 day moving average of 16.35 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Lennar Corporation(LEN) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 24-Jan-2008, about 5 trading days ago.