TwinTrader.com announces the publication of Breakout for MHO; highlighting public companies on the move and what’s behind the surge.
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“M/I Homes Inc., together with its subsidiaries, engages in the construction and sale of single-family residential property. It offers single-family homes, attached town homes and condominiums to first-time, move-up, empty-nester and luxury buyers under the M/I Homes and Showcase Homes trade names…
“The recent announcements from Washington regarding the bailouts of some financial institutions such as Freddie and Fannie have given the homebuilders a boost in confidence. The expectation is the federal government may be able to revive the ailing industry to stability, sparking optimism by the nation’s homebuilders…
“Shares of Schottenstein Homes broke out above $23 and have climbed today on above average volume. The 50-day moving average is approximately parallel and above the 200-day moving average. RSI is neutral and trending upward. MACD has been very strong since late August, with the indicator showing bullish and steady buying...”
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