Household Durables Equities Ahead of Market -- Research on Hovnanian Enterprises, KB Home, Standard Pacific, and Meritage Homes

By PR Newswire,  June 02, 2014, 07:50:00 AM EDT


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LONDON, June 2, 2014 /PRNewswire/ --

On Friday, May 30, 2014, the NASDAQ Composite ended at 4,242.62, down 0.13%, the Dow Jones Industrial Average finished the day 0.11% higher at 16,717.17, and the S&P 500 closed at 1,923.57, up 0.18%. The gains were broad based as eight out of ten sectors ended the session in positive. The S&P 500 Consumer Discretionary Sector Index ended the day at 519.94, up 0.09%, and the index has advanced 2.06% in the last one month. Investor-Edge has initiated coverage on the following equities: Hovnanian Enterprises Inc. (NYSE:HOV), KB Home (NYSE:KBH), Standard Pacific Corp. (NYSE:SPF) and Meritage Homes Corp. (NYSE:MTH). Free technical research on HOV, KBH, SPF and MTH can be downloaded upon signing up at:



http://www.investor-edge.com/3273-register



On Friday, Hovnanian Enterprises Inc.'s stock recorded a trading volume of 1.35 million shares, lower than its three months average volume of 3.41 million shares. The stock finished the day at $4.69, down 1.26%, and registered an intraday range of $4.67 and $4.77. Hovnanian Enterprises Inc.'s shares have advanced 0.86% in the past three trading sessions and 5.16% in the last one month. However, the stock has lost 29.15% on YTD basis. Furthermore, the company's stock is trading above its 50-day moving average. The stock's 200-day moving average of $5.22 is above its 50-day moving average of $4.61. Additionally, shares of the company traded at a PE ratio of 34.93 and have a Relative Strength Index (RSI) of 54.95. Sign up today to read free research on HOV at:



http://www.investor-edge.com/3273-HOV-02Jun2014.pdf



KB Home's stock declined 0.84%, to close Friday's session at $16.48, after oscillating between $16.45 and $16.63. The stock recorded a trading volume of 2.02 million shares, below its three months average volume of 4.83 million shares. Over the last one month and past three months, KB Home's shares have gone down by 0.18% and 19.22%, respectively. Also, from the beginning of 2014, the company's stock has declined 9.85%. The stock is trading below its 50-day and 200-day moving averages. The company stock's 200-day moving average of $17.37 is above its 50-day moving average of $16.59. Further, the company's stock traded at a PE ratio of 16.26 and has an RSI of 52.34. Sign up today to read free research on KBH at:



http://www.investor-edge.com/3273-KBH-02Jun2014.pdf



On Friday, Standard Pacific Corp.'s stock finished the session 1.11% lower at $8.03. A total of 1.96 million shares were traded, which was below its three months average volume of 3.38 million shares. The stock moved between $7.98 and $8.11 during the session. Over the last one month, Standard Pacific Corp.'s shares have advanced 0.50%. However, the stock has plummeted 11.86% over the past three months and 11.27% since the start of this year. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $8.14 is greater than its 50-day moving average of $8.07. Standard Pacific Corp.'s stock traded at a PE ratio of 15.75 and has an RSI of 52.12. Sign up today to read free research on SPF at:



http://www.investor-edge.com/3273-SPF-02Jun2014.pdf



Shares in Meritage Homes Corp. fluctuated between $39.63 and $40.33 before ending Friday's session down 0.30%, at $40.11. The company's stock reported a trading volume of 0.44 million shares, below its three months average volume of 0.75 million shares. Further, Meritage Homes Corp.'s shares have gained 0.91% over the past three trading sessions and 3.97% over the last one month. However, the stock has fallen by 16.42% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. The stock's 200-day moving average of $43.10 is greater than its 50-day moving average of $40.56. Moreover, shares of the company traded at a PE ratio of 11.12 and have an RSI of 53.40. Sign up today to read free research on MTH at:



http://www.investor-edge.com/3273-MTH-02Jun2014.pdf





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EDITOR'S NOTES:

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1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.



2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.



3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.



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SOURCE Investor-Edge



This article appears in: News Headlines

Referenced Stocks: HOV, KBH, MTH, SPF


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