LEN corrected lower off the 44.40 peak (May 2013), retracing 38.2% of the 12.14/44.40 upswing. The subsequent 4-month long consolidation has been capped under the 37.87/37.84/37.79 lower ceiling. The recent downside break below the triangle support suggests completion of the bearish continuation pattern, triggering further weakness towards 28.00, 50% retracement, ahead of the 200 week MA at 25.15. Only an upside break through the 37.87 ceiling would negate and signal resumption of the broad uptrend towards 44.40.
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