NexGen Chart of the Day: KBH

Many of you know that I’m a big chart guy, and one of my favorite set-ups is the breakout/pullback. Well, NexGen homebuilder KB Home (KBH) is giving us one worth looking at right now. The stock broke out on strong volume and has since drifted lower on lighter volume. It’s holding important support at a key level at the same time that another indicator is in oversold territory. I suspect this stock is setting up for a rally.

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