Hovnanian (HOV) Higher on Volatility; Flirts with 100-Day SMA

June 13, 2012 1:45 PM EDT
Hovnanian Enterprises (NYSE: HOV) appears to be moving on a little volatility swing today.

According to market data, option implied volatility for the homebuilder is up 23 percent from Tuesday's close.

Shares are up 8.8 percent on the session and passing through the 100-day SMA at $2.34.

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