PulteGroup Has Broken Out on the Upside

PulteGroup (PHM) broke out over its April/May highs and looks strong enough to make new calendar year highs. Let's review the charts and indicators before this home builder puts on another level.

In this daily bar of PHM, below, we can see how prices and the moving averages tracked higher the past four months. PHM is now above both the rising 50-day average and the rising 200-day line. The daily On-Balance-Volume (OBV) line has been strong the past twelve months but we can see a second rise from early February after prices corrected. The Moving Average Convergence Divergence (MACD) has turned up above the zero line for a fresh outright go long signal....102 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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