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Thursday, September 13, 2007
Lennar Corp
Lennar Corp broke below the neckline of a well-formed head & shoulder pattern. Homebuilder companies are struggling due to the housing slum and the bearish price pattern is an obstable preventing it from moving here. However, this stock is currently testing the influential $25 support level. Strong inclination of not moving south as a close below would signal a prolonged move towards the next major support level of $17.
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