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Pultegroup Inc Bearish Moving Average Crossover Alert (PHM)

By Amy Schwartz

Pultegroup Inc (NYSE:PHM) shares have crossed bearishly below their 10-day moving average of $33.08 on a volume of 2.9 million shares. This may provide swing traders with 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 Pultegroup Inc have traded between a low of $20.64 and a high of $34.03 and are now at $31.54, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

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 18.1%. 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