Joel Kruger suggests this interesting Equities in his section Equities of interest :
Hovnanian Enterprises Inc. (NYSE: HOV)
This residential construction company has been very well bid in recent trade, with the market clearing some key medium-term resistance at $5. While we could in fact be in the process of the establishment of a meaningful longer-term recovery, short-term studies are now highly overextended and warning of some form of a corrective retreat. This in conjunction with a broader equity market that I believe has more downside risk ahead, could suggest that any additional gains from here would be hard to come by.
