D R Horton (DHI) NewsBite - DHI Upgraded By Citigroup

Friday, October 24, 2008 1:41 PM EDT

D R Horton (DHI) was upgraded today by analysts at Citigroup and the stock is now at $5.33, up $0.20 (3.90%) on volume of 10,083,454 shares traded. The analyst upgraded the stock to "Buy" from "Hold." Over the last 52 weeks the stock has ranged from a low of $4.59 to a high of $17.95. D R Horton stock has been showing support around $3.39 and resistance in the $7.53 range. Technical indicators for the stock are bullish and S&P gives DHI a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DHI the stock seems like it could be a candidate for a January covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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