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Pultegroup Inc Bearish Moving Average Crossover Alert (PHM)

By David Diaz

Today, shares of Pultegroup Inc (NYSE:PHM) have crossed bearishly below their 10-day moving average of $31.57 on a volume of 241K 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.

Pultegroup Inc share prices have moved between a 52-week high of $33.04 and a 52-week low of $20.64 and are now trading 52% above that low price at $31.39 per share. The 200-day and 50-day moving averages have moved 0.06% higher and 0.88% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Pultegroup Inc on March 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.35. Since that recommendation, shares of Pultegroup Inc have risen 12.0%. We continue to monitor PHM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pultegroup inc

Ticker(s): PHM