A new name has popped up on Sector Leaders: homebuilder LGI Homes (LGIH).
The company has excellent fundamentals, and by all appearances, is doing well. It’s building houses and making plenty of money doing so. But investors should be cautious. Technically, there are warning signs.
It might appear to the novice chart reader that LGI has set up in a cup-with-handle base. But is it sound? A careful look says no.