KB Home (NYSE:KBH) traded at a new 52-week high today of $36.92. Approximately 227,000 shares have changed hands today, as compared to an average 30-day volume of 2.2 million shares.
KB Home share prices have moved between a 52-week high of $36.92 and a 52-week low of $16.82 and are now trading 119% above that low price at $36.77 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.8%.
KB Home (NYSE:KBH) is currently priced 13.3% above its average consensus analyst price target of $31.87. The stock should discover initial support at its 50-day moving average (MA) of $30.28 and subsequent support at its 200-day MA of $25.86.
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 and South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title, and insurance services.
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