Homebuilding Stock Could Stage Short-Term Bounce

KB Home (NYSE:KBH) stock is slipping today, down 1.6% at $77.19 at last glance. The stock is mirroring a familiar pattern since mid-July, however, as it's consistently pulled back to the$78 region before a short-term bounce. This time around, long-term support at the 126-day moving average lingers below as well. Per Schaeffer's Senior Quantitative Analyst Rocky White, the homebuilding name has come within striking distance of its 126-day trendline four other times in the past three years, after trading abo ...