TMCNet:  Upgrade Alert for KB Home (KBH)

[April 05, 2013]

Upgrade Alert for KB Home (KBH)

Apr 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- KB Home (NYSE:KBH) was upgraded from Underperform to Sector Perform at FBN Securities today. The stock closed yesterday at $20.70 on volume of 5.1 million shares, above average daily volume of 4.4 million. KB Home share prices have moved between a 52-week high of $22.43 and a 52-week low of $6.46 and closed yesterday at 220% above that low price at $20.70 per share. The 200-day and 50-day moving averages have moved 1.87% higher and 1.78% higher over the past week, respectively.


KB HOME builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title and insurance services.

KB Home (NYSE:KBH) defies analysts with a current price ($20.70) 14.3% above its average consensus price target of $17.75. The stock should discover initial support at its 50-day moving average (MA) of $19.63 and subsequent support at its 200-day MA of $14.75.

SmarTrend recommended that subscribers consider buying shares of KB Home on December 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.06. Since that recommendation, shares of KB Home have risen 28.9%. We continue to monitor KBH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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