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Tickers in this Article: C, BZH
Today's sector downgrade from Citigroup (NYSE:C) fueled selling pressure in the homebuilder stocks. As you can see from the chart below, Beazer Homes USA Inc (NYSE:BZH) was pushed sharply lower and the close below $8 is suggesting that the selling pressure is likely to continue. In addition, today's 52-week low will cause bullish traders to remain on the sidelines as the downtrend continues to dominate the stocks direction.


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