Standard Pacific Corp. operates as a diversified builder of
single-family attached and detached homes in the United States. It
constructs homes targeting various homebuyers, primarily move-up buyers,
in metropolitan markets in California, Florida, the Carolinas, Texas,
Arizona, Colorado, and Nevada. The company also provides mortgage
financing services to its homebuyers; and title examination services to
its Texas homebuyers. As of December 31, 2011, it owned or controlled
26,444 home sites and had 166 active selling communities. Standard
Pacific Corp. was founded in 1965 and is headquartered in Irvine,
California.
To review Standard's stock, please take a look at the 1-year chart of SPF (Standard Pacific, Corp.) below with my added notations:
To review Standard's stock, please take a look at the 1-year chart of SPF (Standard Pacific, Corp.) below with my added notations:
SPF has created a couple of important price levels to watch. First, SPF
has formed a clear resistance at $8 (red), which would also be a 52-week
high breakout if the stock could manage to break above it. In addition,
the stock is climbing a short term, up-trending support level (blue)
over the last (2) months. Eventually, SPF will have to either break the
support or the resistance.
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