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Bearish Moving Average Cross by Pulte Homes (PHM)

By Nick Russo

Today, shares of Pulte Homes (NYSE:PHM) have crossed bearishly below their 10-day moving average of $18.60 on a volume of 497K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Pulte Homes have traded between a low of $14.61 and a high of $22.10 and are now at $18.42, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Pulte Homes and will alert subscribers who have PHM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Pulte Homes

Ticker(s): PHM