The Chart of the Day belongs to LGI Homes (NASDAQ:LGIH). I found the entry level home builder stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of at least 50.00+ and then again for a technical buy signal of 80% or better. Since the Trend Spotter signaled a buy on 10/5 the stock gained 3.20%.
LGI Homes, Inc. is engaged in the design and construction of entry-level homes across Texas, Arizona, Florida and Georgia. The company focuses on converting renters of apartments and single-family homes into homeowners by offering homes at affordable locations. LGI Homes, Inc. is headquartered in The Woodlands, Texas.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
Fundamental factors:
The 100 day moving average vs the price has been a reliable technical trading strategy for this stock.
