KB Home(KBH) ZACKS·2024-07-12 14:31Core Viewpoint - KB Home (KBH) has reached a significant support level and shows potential for investment based on technical analysis, with a recent bullish trend indicated by breaking through the 50-day moving average [1] Technical Analysis - KBH has experienced a price increase of 6.2% over the past four weeks, indicating positive momentum [1] - The 50-day simple moving average is highlighted as a critical indicator for establishing support and resistance levels, making it an important factor in assessing trends [1] Earnings Estimates - There have been 6 upward revisions in earnings estimates for KBH for the current fiscal year, with no downward revisions, reinforcing the bullish outlook [1] - The consensus earnings estimate has also increased, further supporting the positive sentiment around KBH [1][2]