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D.R. Horton: Latest Builder Building Base.(B)(NYSE STOCKS IN THE NEWS)
Byline: Jonah Keri
Of the 197 industries tracked by IBD, only a handful have climbed steadily throughout most of the 18-month bear market, on into mid-2002. One of those select few? Home builders, ranked third among IBD groups.
D.R. Horton is one of five firms among the 27 stocks in the home builders' group with a 99 Earnings Per Share Rating. It also earns an A grade for SMR Rating.
The Arlington, Texas-based builder of single-family homes in 20 states has formed a 3 1/2-month base. It's traded above its 200-day moving average throughout, a sign of institutional support. D.R. Horton sits 9% off its high.
...
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