KB Homes stock price continues to impress investors with its relentless move higher.
This month, KB Homes stock (KBH) is breaking out above resistance to new highs. This is a strong buy signal.
I have a near-term price target of $53, using our MFU (money flow unit) analysis. One could hedge a trading long with the Homebuilders ETF (XHB), if necessary to reduce risk.
Also to note that DHI is setting up in a similar pattern and would be a second choice for a long in this group.
$KBH – KB Homes Stock Chart
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