homebuilder lennar corp len reported betterthenexpected quarterly earnings after the closing bell on wednesday june 14 2023 the stock held its semiannual pivot at 11459 before reporting its earnings results this level is now a value level with its monthly risky level for the remainder of june at 12330 the stock is well above a golden cross on its daily chart and its weekly chart is positive but nearly overbought the daily chart for lennar goes back to midnovember 2022 the stock is well above a golden cross as the 50day simple moving average is well above the 200day simple moving average with the stock trading at 11867 its above its semiannual pivot now a value level at 11459 the 50day and 200day smas are 11102 and 9488 the horizontal lines from bottom to top are the quarterly value level at 8459 the annual value level at 9414 the semiannual pivot at 11459 and the monthly risky level at 12330 the weekly chart for lennar is positive but nearly overbought with the stock above its fiveweek modified moving average of 11214 weakness held its 200week simple moving average or ‘reversion to the mean’ at 7441 during the week of october 28 2022 the horizontal lines from top to bottom are the monthly risky level at 12330 the semiannual pivot at 11459 the annual value level at 9414 and the quarterly value level at 8459 the 12x3x3 weekly slow stochastic reading is rising at 7955 just below the overbought threshold of 8000 trading strategy buy weakness to the ‘reversion to the mean’ now at 8289 reduce holdings on strength to the monthly risky level at 12330