SHORT: Levitt Corporation (Public, NYSE:LEV)
Sell price: $11.78 or
Sell date: April 5, 2007
Stop loss: $13.00 (-4.8%)
EMA very bearish
Stoch. analysis very bearish
Strong moneyflow out of this equity
One of the weakest sectors in the market
Profile: Levitt Corporation is a homebuilding and real estate development company with activities throughout the Southeastern United States. The Company primarily develops single-family homes and master-planned communities, and it also develops commercial and industrial properties and multi-family complexes. In its single-family home communities, Levitt specializes in serving active adults and families. In its master-planned communities, the Company historically generated substantial revenue from large acreage and finished lot sales to third-party residential, commercial and industrial developers. Levitt Corporation also sells land to its Homebuilding Division, which develops both active adult and family communities in its master-planned communities.
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March 7th, 2007 at 4:37 pm
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