The Traderszone Network

Published in TZ Latest News 30 November, 2015 by The TZ Newswire Staff

Hot New Issue LGI Homes Turns Renters Into Homebuyers

The devil is in the details when analyzing a base. LGI Homes (LGIH), a member of Monday’s Sector Leaders screen, has been consolidating gains above its 10-week moving average after a powerful breakout in August. At first glance, it appears to be carving a flat base. The base is long enough, just over five weeks, but the correction from the high in the base (33.87) to the low in the base (27.38) is 19%.

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