Very cyclical name and I think this name will thrive more this year. Here are the key reasons:
1. Existing home sales will be huge compared to new home sales
2. Short winter (no snow)
3. If sellers find a good buyer, they will sell even before finding a place to live.
4. Summer break for kids in school
and many more.
Technically: It is ready to break out of inv h&s. Long dated calls (ex: Sept 240s)
1. Existing home sales will be huge compared to new home sales
2. Short winter (no snow)
3. If sellers find a good buyer, they will sell even before finding a place to live.
4. Summer break for kids in school
and many more.
Technically: It is ready to break out of inv h&s. Long dated calls (ex: Sept 240s)
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