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Recent 52-Week High Exceeded in Shares of Pultegroup Inc (PHM)

By Amy Schwartz

Pultegroup Inc (NYSE:PHM) traded at a new 52-week high today of $35.70. So far today approximately 384,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

Over the past year, Pultegroup Inc has traded in a range of $20.64 to $35.70 and is now at $35.70, 73% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

PulteGroup Inc. sells and constructs homes, and purchases, develops, and sells residential land and develops active adult communities. The Company also provides mortgage financing, title insurance, and other services to home buyers. PulteGroup has operations in various markets across the United States and Puerto Rico.

Based on a current price of $35.70, Pultegroup Inc is currently 1.8% above its average consensus analyst price target of $35.06. The stock should find initial support at its 50-day moving average (MA) of $32.78 and further support at its 200-day MA of $29.81.

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 25.1%. We continue to monitor PHM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pultegroup inc

Ticker(s): PHM