has been a lot of banter among institutional investors lately about the
homebuilders potentially bottoming. While this may be the case based on the
massive amounts or short interest and improvement of news flow it may not align
with the longer-term macro issues facing the builders. However it does not mean
there can’t be a strong rally given the temporary reprieve of bad news flow and
the aggressive short interest. That said we examine RYL in this blog post with some technical
presently RYL is
testing a down trend line in tact since the 2005 peaks.
technically Neutral on RYL shares pending the breakout of this downtrend, though
we do recognize the chart set up as potentially bullish (waiting confirmation
of the trend line break).
For a more detailed
report please go to www.fusioniqrank.com and sign up today