HOV Earnings Test

09/04/2008 12:00 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

Hovnanian (HOV) reported worse than expected 3Q earnings after Wed.?s close and is down about $0.50 in pre-market trading. The daily chart shows a potential double bottom with first support in the $6.25-50 area and the 50 day MA. Major support is in the $4-4.50 area. Key resistance now at $11.50-13

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