• Return to Headlines

Bearish Moving Average Cross by Pulte Homes (PHM)

By James Quinn

Today, shares of Pulte Homes (NYSE:PHM) have crossed bearishly below their 10-day moving average of $19.64 on a volume of 3.5 million shares. Swing traders may find an opportunity 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 $22.40 and are now at $19.20, which is 31% above that low price. Over the last five market days, 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