KB Home
(KBH) opened at $23.83. So far today the stock has hit a low of $22.25 and a high of $24.14. KBH is now trading at $24.73, up 1.08 (4.57%). After hitting a one-year high of $56.08 in February, the stock hit a one-year low of $15.76 earlier this month. KBH shares are rising with those of other homebuilders as analysts think a turnaround in the depressed housing market may be near. The Commerce Department reported today that sales of new homes dropped by 26.4 percent last year to 774,000, the worst year on record. However, as Banc of America analyst Daniel Oppenheim put it in a note to investors this morning, lower home prices resulting from two years of decline in the housing market "will likely help to spur sales activity in coming months." Technical indicators for KBH are neutral and improving, while S&P gives the stock a bearish 2 Stars (out of 5) Sell rating. If you’re looking for a hedged play on this stock, consider a March bull-put credit spread below the $15 range. KBH hasn't been below 15 at all in the past year, and could lose up to 39.3% before this trade runs into trouble. [LHF- Seven Summits Strategic Investments NewsBite]