Advisor John Lansing writes in InvestorPlace:
KB Homes, a company that builds single family homes, condos and townhouses, has seen an ascending continuation triangle in its stock over the past 67 days.
Recommendation: Buy KBH for a $20.80 – $21.60 intermediate-term target, with a $17.78 stop.
Ryland Group is a homebuilder stock that has developed a diamond top pattern over the past 83 days.
Recommendation: Short RYL for a $28.00 – $29.75 intermediate-term target, with a $41.49 stop.