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Pultegroup Inc (PHM) Approaches New Upside Target of $35.42

By David Diaz

Shares of Pultegroup Inc (NYSE:PHM) have bullishly opened above the pivot of $34.63 today and have reached the first resistance level of $35.10. Investors may be interested in a cross of the next upside pivot targets of $35.42 and $36.21.

Pultegroup Inc (NYSE:PHM) has potential upside of 0.3% based on a current price of $34.96 and analysts' consensus price target of $35.06. The stock should find initial support at its 50-day moving average (MA) of $32.51 and further support at its 200-day MA of $29.59.

In the past 52 weeks, shares of Pultegroup Inc have traded between a low of $20.64 and a high of $34.98 and are now at $34.96, which is 69% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.

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 22.6%. We continue to monitor PHM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts pultegroup inc

Ticker(s): PHM