Mark Elwa
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Mark Elwa in Gainers & Losers,

D.R. Horton profit jumps on new home orders

Company reported a profit of $238.9 million, or 64 cents a share, up from $166.3 million, or 45 cents, a year earlier. Revenue rose 28% to $3.09 billion. Analysts expected earnings of 62 cents a share on $3.04 billion in sales. Orders grew 19% to 8,477 homes. The value of new orders rose 22% to $2.45 billion.

Stocks are forming a triangle and look oversold right now. Think today price can jump to $30.4 per share