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INTRADAY ALERTS


DR Horton Drops To Four Month Intra-Day Low
11/20/2009 2:56 PM ET

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(RTTNews) -  DR Horton Inc. (DHI: News ) has extended its pullback and fallen to its worst intraday level in four months in mid-afternoon trading. The stock has plunged by $1.99 or 16.2 percent to $10.26. With the decline the stock has fallen below its 200-day moving average.

The sharp pullback by the homebuilder comes after the firm reported a fourth quarter net loss of $0.73 per share, far wider than the forecast loss of $0.30 per share. Revenues also fell short of the consensus estimate, coming in at $1.01 billion compared to expectations of $1.11 billion.

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by RTT Staff Writer

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