Trade of the Day: LEN

Takeaway: Keith bought back shares of Lennar (LEN) this afternoon on strength in the nation’s housing market.

Keith bought shares in Lennar (LEN) at 12:34pm today at $42.34. Miami-based Lennar is one of the country’s largest new home builders.

Keith writes of his purchase of LEN stock, “(I’m) buying back our long #HousingsHammer position on an immediate-term TRADE oversold signal.”

Keith has already had two winning trades on the long side of LEN since March.

Trade of the Day: LEN - LEN