Monday, October 1, 2012

Volume off the high 9/28/12- more homebuilders.

I was on the fence on including Lennar on the stocks selling off near the highs on volume. Yes, the stock does fit the initial screen, and yes the volume has been higher than average with the stock coming off the $38 high. That said, the down trend does not appear significantly strong, and would like to see a greater volume spike off the high. I finally decided to include the stock because in the strictest sense, it does hit the criteria and it fits the theme of homebuilder and related stocks hitting the screen.

Lennar- LEN
 Merrimack Pharma- MACK
 Delaware Municipal Income Fund- VCF
 Western Asset Management- WMC
 WP Carey- WPC

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