• Return to Headlines

Shares of Pultegroup Inc Has Risen Above Previous 52-Week High

By Amy Schwartz

Pultegroup Inc (NYSE:PHM) traded at a new 52-week high today of $35.61. This new high was reached on below average trading volume as 423,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.

In the past 52 weeks, shares of Pultegroup Inc have traded between a low of $20.64 and a high of $35.61 and are now at $35.32, which is 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

PulteGroup Inc. sells and constructs homes, and purchases, develops, and sells residential land and develops active adult communities. The Company also provides mortgage financing, title insurance, and other services to home buyers. PulteGroup has operations in various markets across the United States and Puerto Rico.

Pultegroup Inc (NYSE:PHM) is currently priced 0.7% above its average consensus analyst price target of $35.06. The stock should discover initial support at its 50-day moving average (MA) of $32.78 and subsequent support at its 200-day MA of $29.81.

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 24.9%. We continue to monitor PHM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pultegroup inc

Ticker(s): PHM