William Lyon Homes (WLH)’s Stock Is Buy After Forming Bullish Multiple Top

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The stock of William Lyon Homes (WLH) shows a multiple tops pattern with $17.95 target or 4.00 % above today’s $17.26 share price. The 9 months chart pattern indicates low risk for the $653.03M company. It was reported on Aug, 16 by Finviz.com. If the $17.95 price target is reached, the company will be worth $26.12M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.64% or $0.11 during the last trading session, reaching $17.26. About 335,805 shares traded. William Lyon Homes (NYSE:WLH) has declined 9.49% since August 16, 2018 and is downtrending. It has underperformed by 9.49% the S&P500.

More notable recent William Lyon Homes (NYSE:WLH) news were published by: Fool.com which released: “William Lyon Homes (WLH) Q4 2018 Earnings Conference Call Transcript – The Motley Fool” on February 14, 2019, also Finance.Yahoo.com with their article: “How Do William Lyon Homes’s (NYSE:WLH) Returns On Capital Compare To Peers? – Yahoo Finance” published on July 02, 2019, Benzinga.com published: “Earnings Scheduled For February 14, 2019 – Benzinga” on February 14, 2019. More interesting news about William Lyon Homes (NYSE:WLH) were released by: Seekingalpha.com and their article: “William Lyon Homes (WLH) CEO Matt Zaist on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on February 17, 2019 as well as Businesswire.com‘s news article titled: “William Lyon Homes Announces Proposed Offering of $300.0 Million of Senior Notes Due 2027 – Business Wire” with publication date: June 24, 2019.

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes. The company has market cap of $653.03 million. It operates in six divisions: California, Arizona, Nevada, Colorado, Washington, and Oregon. It has a 8.47 P/E ratio. The firm sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

William Lyon Homes (NYSE:WLH) Ratings Chart

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