Lennar (LEN) Shares Flagging After Recent Bullish Reversal
Lennar (LEN) shares are forming a bull flag on top of the 8/21 EMA’s after a strong reversal candle last week off support near 75. On Monday the stock had an inside day candle which creates a good level to trade against and trigger a buy above the high at 79. An upside breakout can see a move to 83.70 YTD VWAP and possibly a higher target eventually at 86 which is a naked VPOC.