Stock Of The Day: Breakout Time For D.R. Horton?

Core Viewpoint - D.R. Horton, Inc. (DHI) shares are experiencing upward movement, indicating a potential breakout that could lead to a new uptrend [1] Price Dynamics - Support levels are price points where buying interest is significant, preventing further declines, while resistance levels are where selling interest is high, halting price increases [2] - The stock previously fell sharply in late October, finding support around $151, but broke this support in December, leading to buyer regret [3][5] Market Behavior - Many investors chose to hold their losing positions, hoping to exit at breakeven, which resulted in a concentration of sell orders at the previous support level of $151, now acting as resistance [5] - A false breakout can occur when a stock appears to break resistance but quickly reverses downward [6] - A true breakout happens when buyers surpass sellers at resistance, indicating that sellers have exited the market, potentially leading to a new uptrend for D.R. Horton [7]