Is D R Horton Inc (DHI) Stock About to Get Hot Thursday?

D R Horton Inc (DHI) stock has fallen 2.18% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

D R Horton Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DHI!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With DHI Stock Today?

D R Horton Inc (DHI) stock is trading at $71.27 as of 12:27 PM on Thursday, May 5, a decline of -$4.29, or -5.68% from the previous closing price of $75.56. The stock has traded between $70.62 and $74.20 so far today. Volume today is below average. So far 2,094,901 shares have traded compared to average volume of 4,029,018 shares. To screen for more stocks like D R Horton Inc click here.

More About D R Horton Inc

D.R. Horton is a leading homebuilder in the United States with operations in 98 markets across 31 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States. Click Here to get the full Stock Report for D R Horton Inc stock.