PHM trade ideas
PHM Fundamental good and best Entry for Long term HoldingPHM Fundamental good and best Entry for Long term Holding
Pulte Group Poised for New HeightsNice break out of a short term downward resistance line in what is an overall bullish channel backed by supporting home and building data out of the US. If we can settle above $47 I think we see $55 area.
Rising WedgesI have noted tons of rising narrowing wedges in the market since the craziness started..
I have also noticed they can win over an ascending triangle just about everytime!
Too much buying sent almost every stock in the home building sector in to a down spin..
I am sure it will recover and this is just one example..DHI, LEN, MTH etc all suffered the consequences of the bearish rising and narrowing rising wedge..
2 trendlines that both slope up and converge at the apex without healthy pull backs..
I have noted a RW can make a C&H pattern fail in a heartbeat..
These stocks are not bad stocks, they are victims of too much buying or irrational exuberance..in the end supply and demand are out of kilter and there is no one left to buy..
This is just an example..CRM is trying to recover from this lion of a pattern..
Just be on the look out...
Rising WedgeI have posted PHM earlier but a rising wedge has taken form
Rising wedges are usually bearish
PHM has fallen from the bottom trendline of the RW, and hopefully the handle low will catch it
Not a recommendation
Neutral until fall complete
MDC and KBH, LEN, DHI and MTH all have their own RWs they are falling from
(I hate RWs) LOL
There for a while it seemed home builders were gonna keep on keeping on
Only thing that never changes...is change
Cup and HandleHome Builders arestill on the move
Possible T2 77.6
PHM broke from an A Triangle at 48.35. After a break up from an A triangle, the top trendline can serve as support.
The handle low as well as mid cup are also support levels
There is also a small gap up at the handle low that makes the handle low a strong support level for PHM
No rising wedges noted
NV is high and short is low
PHM has surpassed the prior high from many years ago (2004) which is a hurdle for sure
Not a whole lot of R overhead
Not a recommendation
Happy Trading
PHM BUY OR LONG , TARGET UP TO $60PHM confirm the "Symmetrical triangle" pattern, the price of this bull cycle target is $60 .
PHM buy : $48
PHM target : $60
Stop loss : 6%
Wish you a good deal!
Ascending Triangle Cup and HandleNo rising wedges noted
Strong S from upper trendline of A triangle at 40ish
Correction/Old high is at 48.23 to chart Old R at 48.23 not at 52ish
Not a recommendation
PULTE GROUP Recommendation DailyHey guys, PULTE GROUP is in a bullish push, small buying volume hammer candle great potential to go on the last previous high and may even go above if the buyers are still there.
Please LIKE & FOLLOW, thank you!
PHM near a breakout spot despite the run that housing has hadI like PHM as a potential breakout candidate despite the housing sector's breathtaking run-up recently. The fact that it's sticking around here at highs makes me think that we can see another leg before it's over. The same goes for KBH, which looks like it's flagging with more potential for upside.
PulteGroup Inc a safe Home for investors.In a supply demand industry, the demand has spiked and homebuilders can not meet demand, thus its a buy buy buy.
great value trading at a 10.9 P/E ratio.
Analysts will be forced to reprice as it is now above average target, expect upgrades.
Technically the stock is in a fantastic uptrend.
P/E RATIO 10.9
SHORT INTEREST 4.9%
AVERAGE ANALYSTS RATING hold
AVERAGE ANALYSTS PRICE TARGET $34
COMPANY PROFILE
PulteGroup, Inc. engages in the homebuilding business. It is also involved in the mortgage banking, and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment comprises of operations from the Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.
PulteGroup Breaking out 25% upsideThe positives are building for the home builders -
Interest rate lowering,
Consumer spending remains positive.
Almost full employment.
Higher Average wage, with growth in tech.
Smaller sq.ft property back in supply.
P/E ration 10
Short Interest 6%
Company profile
PulteGroup, Inc. engages in the homebuilding business. It is also involved in the mortgage banking, and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment comprises of operations from the Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.
PHM MACD divergence to downside reentry?PHM turned out to be a good divergence to the downside with a topping pattern May 17, 2019. A new top is in place but the MACD is diverging even lower indicating price should be around 31.5. Trying some June 21 expiration 31.5 puts at .27.
PHM daily divergence on MACD to downsideReasonable pattern and the start of the downturn today I've nabbed a few of the May 24th 31.50 puts at .20 for quick trade
$PHM Overbought Approaching Resistance$PHM PulteGroup Homebuilders looking overbought approaching 200d ema line, expecting a near term pull back. Targeting $25.20 support by mid-December.
Note: Informational analysis, not investment advice.
