Lennar Corp

LEN remains in a Stage 4 decline with a persistent lower-highs & lower-lows sequence and price trading below all major EMAs. The medium-term bias is bearish, and short-term timing shows rejection at EMA resistance, so the optimal posture is to sell now on moves into the 9 and 20 EMA zones.

• ↑Ends quarter with $1.8B cash and $4.9B liquidity enables growth.
• ↑Inventory turnover improved to 2.5x; construction costs fell to $81/sq ft.
• ↓Mortgage rates at ~6.5% and weak consumer confidence hinder sales.