Pulte Group’s most recent trend suggests a bullish bias. One trading opportunity on Pulte Group is a Bull Put Spread using a strike $53.00 short put and a strike $48.00 long put offers a potential 11.11% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $48.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Pulte Group is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Pulte Group is bullish.
The RSI indicator is at 59.55 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Pulte Group
PulteGroup (PHM) Gains But Lags Market: What You Should Know
Tue, 06 Apr 2021 21:45:09 +0000
In the latest trading session, PulteGroup (PHM) closed at $53.83, marking a +0.32% move from the previous day.
Lennar (LEN) Completes SunStreet Solar Business Sale to Sunnova
Mon, 05 Apr 2021 13:50:01 +0000
Lennar (LEN) to receive residential solar and storage support from Sunnova Energy for its new home communities across the country.
Pending home sales plunge for the second straight month
Wed, 31 Mar 2021 14:00:19 +0000
The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 10.6% in February from a month earlier — falling for the second straight month.
Can Housing ETFs Remain Red-Hot in 2021?
Tue, 30 Mar 2021 16:27:04 +0000
Housing is one of the few top performing areas of 2020 that has remained strong this year
Is PulteGroup (PHM) a Great Value Stock Right Now?
Tue, 30 Mar 2021 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Follow Us on Facebook