Lennar Corp

LEN remains in a long-term downtrend, trading in a tight sideways range below its major moving averages. Medium-term bias is bearish given persistent lower highs and lows, while short-term conditions are neutral as price tightly tracks flat EMAs. Execution is deferred: waiting for a rally into the 87–90 resistance zone near the 9/20 EMAs and 50DMA to trim into strength.

• ↑Q2 revenue $1.75 B (+7% YoY) with 21,749 new home orders
• ↑Gross margin up to 15.6% from 14.5% last year
• ↓Q2 gross margin still compressed at 15.6% despite slight recovery