• Return to Headlines

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

By David Diaz

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.

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.

Pultegroup Inc share prices have moved between a 52-week high of $35.21 and a 52-week low of $25.49 and are now trading 4% above that low price at $26.56 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

Keywords: rebounders pultegroup inc

Ticker(s): PHM