LEN Follow Up

I posted LEN on Wednesday this week as a potential short saying the following,

" LEN has also shown less then ZERO relative strength. At this point a dead cat bounce would be most welcome in LEN and I think it's likely."


Today looks to be the start of that opportunity.

 Up 2.7% so far today....

Here's the 15 min chart, showing top side distribution and the positive divergence at the bottom for a dead cat bounce. I think it'll bounce for several days and I wouldn't pull the trigger yet, but I'd keep it on a watchlist and when the bounce momentum fades and negative divergences show up, I think this will be a great opportunity as the next leg down should take it out of the topping volatility zone.