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KB Home (KBH) Initiated Coverage Alert, Watch for 0% Technical Downtrend Continuation

KB Home (NYSE:KBH) initiated as Hold at Deutsche Bank. The stock closed Friday at $15.80 on volume of 7,233,625 shares, above average daily volume of 4,558,835.

KB Home is currently below its 50-day moving average of $17.28 and should find support at its 200-day moving average of $14.72.

SmarTrend is bearish on shares of KBH and our subscribers received a Downtrend alert on October 01, 2009 at $15.80, which has returned 0% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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