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Hot Stock: Beazer Homes, Shares Drop 7.9% (BZH)Jul 19, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Beazer Homes (NYSE:BZH) is one of today's worst performing low-priced stocks, down 7.9% to $2.47 on 1.2x average daily volume. Beazer Homes has traded 6.0 million shares thus far today, vs. average volume of 5.1 million shares per day. The stock has underperformed the Dow (-7.9% to the Dow's 0.3%) and underperformed the S&P 500 (-7.9% to the S&P's 0.3%) during today's trading. Over the past year, Beazer Homes has traded in a range of $1.35 to $3.98 and is now at $2.47, 83% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.2%. Beazer Homes USA, Inc. designs, builds, and sells single family homes in the Southeast, Southwest, and South Central regions of the United States. The Company's homes are designed to appeal to entry-level and first move-up home buyers. Beazer Homes has overhead space with shares priced $2.47, or 26.8% below the average consensus analyst price target of $3.38. Beazer Homes shares should first meet resistance at the 200-day moving average (MA) of $2.73 and find additional resistance at the 50-day MA of $2.77. SmarTrend is tracking the current trend status for Beazer Homes and will alert subscribers who have BZH in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |