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Pultegroup Inc Falls 3.53% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Pultegroup Inc (NYSE:PHM) traded in a range yesterday that spanned from a low of $26.22 to a high of $27.67. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $26.66 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.

In the past 52 weeks, shares of Pultegroup Inc have traded between a low of $25.49 and a high of $35.21 and are now at $26.56, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

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.

Keywords: rebounders pultegroup inc

Ticker(s): PHM