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Watch for Shares of Pulte Homes (PHM) to Approach Resistance at $21.34
[March 19, 2013]

Watch for Shares of Pulte Homes (PHM) to Approach Resistance at $21.34

Mar 19, 2013 (SmarTrend(R) News Watch via COMTEX) -- Pulte Homes (NYSE:PHM) has opened bullishly above the pivot of $20.69 today and has reached the first level of resistance at $21.04. Analysts will be watching for a cross of the next upside pivot targets of $21.34 and $21.99.

Pulte Homes (NYSE:PHM) has potential upside of 1.2% based on a current price of $21.00 and analysts' consensus price target of $21.25. The stock should discover initial support at its 50-day moving average (MA) of $19.90 and subsequent support at its 200-day MA of $15.56.

In the past 52 weeks, Pulte Homes share prices have been bracketed by a low of $7.63 and a high of $21.97 and are now at $21.00, 175% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.7%.


SmarTrend is monitoring the recent change of momentum in Pulte Homes. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pulte Homes in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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