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Watch for Shares of Pultegroup Inc (PHM) to Approach Resistance at $30.51

By Shiri Gupta

Shares of Pultegroup Inc (NYSE:PHM) opened today above their pivot of $30.13 and have already reached the first level of resistance at $30.35. Investors may be interested in a cross of the next upside pivot targets of $30.51 and $30.89.

Pultegroup Inc share prices have moved between a 52-week high of $35.21 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

Potential upside of 0.0% exists for Pultegroup Inc, based on a current level of $0.00 and analysts' average consensus price target of $35.35. The stock should find initial resistance at its 50-day moving average (MA) of $18.21 and further resistance at its 200-day MA of $18.55.

SmarTrend recommended that its subscribers protect gains by selling shares of Pultegroup Inc on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $32.25. Since that call, shares of Pultegroup Inc have fallen 6.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts pultegroup inc

Ticker(s): PHM