Look a quick chart of BKG and have a look to CS dwg of hombuolder this morning...mentionned BKG as an underpeformed..
The sector underperforms 80% of the time in the six months after the first rate hike; the sector's P/B is at an all-time high; London house prices are falling, yet the national homebuilders seem to be discounting a c5% rise; and political tailwinds can get no better. We highlight Berkeley Group rated Underperform.
full note attached
Stock is trading on strong resistance and RSI Divergence could see 3600 quickly