Lennar Corp Higher After Q4 Beat

Lennar Corp LEN shares are trading higher by $$0.86 at %$47.56 in Tuesday's session. The catalyst for the rally is a Q4 beat for EPS of $0.11 along with a revenue beat of $16M. After a higher open, it continued higher before finding resistance at $48.59 and reversing course. That is just above its January 4 high ($48.29). The ensuing decline found support just ahead of the upper part of Monday's range ($46.90), reaching $46.91 before rebounding back into the $47 handle.