Bearish Moving Average Cross by Pulte Homes (PHM)
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