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PULTE HOMES INC
(PHM-NYSE):
Technical Viewpoint: From a low
of $42.03 on Dec 10, 2003 prices
rallied, reaching a
high of $48.28
on Dec 29, 2003. A
decline saw prices pull back, reaching a
low of
$40.00 on Jan 8, 2004.
Another rally saw prices penetrate
resistance, closing 2/26/04
at $50.21. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 12, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Feb 26, 2004. A P&F upside
reversal takes place at $48.00. Summary: Technical indicators have turned bullish. BUY! PULTE HOMES INC
(PHM-NYSE) @ $50.38 Stop: Use a protective stop of $47.88.
PULTE HOMES INC is currently trading @ $50.21 plus $3.16 on Feb 26, 2004. Price Objective:
$62.00. Risk/Reward: $2.50 VS. $11.62. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62.00
Risk/Reward:
$2.50 VS. $11.62
Risk/Reward Ratio:
5:1
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