Lennar Corp.(LEN) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) Lennar Corp.(LEN) closed at 20.28, up 0.74 or 3.79 % for the day. Based on our analysis, Lennar Corp.(LEN) has rising momentum with an uptrend.

The closing price of Lennar Corp.(LEN) is above its 50 day moving average of 18.22 (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 Corp.(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 today, let us see if it sustains.