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After Yesterday's Decline of 1.50%, Pultegroup Inc Offers Investors Better Value

By David Diaz

Pultegroup Inc (NYSE:PHM) traded in a range yesterday that spanned from a low of $22.88 to a high of $23.67. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $23.25 on volume of 2.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Pultegroup Inc and will alert subscribers who have PHM in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Pultegroup Inchas traded in a range of $22.89 to $35.21 and are now at $22.94. The 200-day and 50-day moving averages have moved 0.66% lower and 1.36% lower over the past week, respectively.

Keywords: rebounders pultegroup inc

Ticker(s): PHM