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TMCNet:  Uptrend Call Working As Hovnanian Enterprises Stock Rises 21.2% (HOV)

[January 23, 2013]

Uptrend Call Working As Hovnanian Enterprises Stock Rises 21.2% (HOV)

Jan 23, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Hovnanian Enterprises (NYSE:HOV) on November 21st, 2012 at $5.34. In approximately 2 months, Hovnanian Enterprises has returned 21.16% as of today's recent price of $6.47.


Hovnanian Enterprises share prices have moved between a 52-week high of $7.43 and a 52-week low of $1.52 and are now trading 326% above that low price at $6.47 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.6%.

Hovnanian Enterprises, Inc. designs, constructs, and markets single-family homes, townhomes, and condominiums in planned residential communities. The Company operates in the states of New Jersey, North Carolina, Pennsylvania, Virginia, Maryland, New York, California, Texas, Tennessee, Alabama, and Mississippi, and in Poland. Hovnanian also provides mortgages to its homebuyers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Hovnanian Enterprises shares.Log in and add Hovnanian Enterprises (HOV) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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