Shares of Hovnanian Enterprises are Moving Higher on 1.2x Above-Average
Volume (HOV)

Mon, 05/03/2010 –

By Chip Brian

Shares of Hovnanian Enterprises (NYSE:HOV) are trading up 9.3% to $7.77
today on above average volume. Approximately 6.3 million shares have traded
hands today vs. average 30-day volume of 2.9 million shares.

Spikes in volume can validate a breakout or signify a potential turning
point. As such, SmarTrend will continue to monitor shares of HOV to see if
this bullish momentum will continue.

SmarTrend is bullish on shares of Hovnanian Enterprises and our subscribers
were alerted to buy on March 17, 2010 at $4.63. The stock has risen 67.8%
since the alert was issued.

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