Hovnanian Enterprises Inc (HOV) Shares are Up 3.31%

Hovnanian Enterprises Inc (HOV) : Traders are bullish on Hovnanian Enterprises Inc (HOV) as it has outperformed the S&P 500 by a wide margin of 5.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.8%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.31% in the last 1 week, and is up 5.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 6.07%.The 200 Day SMA reached 12.62%. Hovnanian Enterprises Inc. is up 11.31% in the last 3-month period. Year-to-Date the stock performance stands at 3.31%.


Hovnanian Enterprises Inc (NYSE:HOV): After opening at $1.83, the stock dipped to an intraday low of $1.82 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.9 and the buying power remained strong till the end. The stock closed at $1.87 for the day, a gain of 2.75% for the day session. The total traded volume was 1,184,754. The stocks close on the previous trading day was $1.82.

Hovnanian Enterprises, Inc. (Hovnanian) design, construct, market, and sell single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes in planned residential developments. The Company consists of two distinct operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, including New Jersey and Pennsylvania; Mid-Atlantic, including Delaware, Maryland, Virginia, West Virginia, and Washington, D.C; Midwest, including Illinois, Minnesota and Ohio; Southeast, including Florida, Georgia, North Carolina and South Carolina; Southwest, including Arizona and Texas, and West, including California. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. During fiscal year ended October 31, 2013 (fiscal 2013), the Company had delivered 5,266 homes.

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