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Home Builders D.R. Horton, Ryland Show No Quit

With the iShares Dow Jones U.S. Home Construction ETF (NYSE:ITB) up nearly 200 percent since October 2011, all the good news has to be priced into the home builders already, right?Maybe not, if recent earnings reports have anything to do with it.Early Tuesday, D.R. Horton (NYSE:DHI) reported solid results with earnings up 122 percent from a year ago to $0.20 a share. Sales rose 41 percent to $1.28 billion. The results handily beat the Thomson Reuters consensus estimate of $0.14 a share and sales of $1.1 billion.While many home builders are too far extended past proper buy points to consider buying now, D.R. Horton is in a different boat. It staged a technical breakout in heavy volume Tuesday, soaring 11.8 percent to $23.82.As of Tuesday's close, was 4.5 percent above a buy point its recent high of $22.79 -- still within buying range. It's generally not prudent to chase a stock when it moves more than five percent past a buy point.The stock is very liquid with an average daily volume of...

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