LGI Homes Inc

In Stage 2 – Advancing, LGIH retains a bullish medium-term bias with clear higher highs and higher lows supported by rising EMAs. However, RSI rollover from overbought territory and a drop in the Options Score signal waning momentum, and price has pulled back below the 9 and 21 EMAs into a support zone, making near-term timing unfavorable. Execution will be deferred, stalking for a pullback into the rising EMA support area and horizontal support before initiating long exposure.

• ↑Backlog grew 63% YoY to 1,699 homes, underpinning future revenue
• ↑Q2 closings rose 8.8% to 1,440 homes, showing steady demand
• ↓Cancellation rate surged to 45.6% as buyers fail financing