ZIG - D.R. Horton: Don't Be Too Eager To Buy Yet

• This is a dedicated price action analysis of D.R. Horton stock. We note it's likely at a near-term bottom but remain entrenched in a bearish bias.
• We have not observed a bear trap that can help stanch its negative flow. Therefore, investors are urged to be patient.
• Our reverse cash flow model suggests that DHI could underperform the market at the current levels.
• Therefore, we rate DHI as a Hold. We will reassess our rating if we observe significant developments ahead.

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