PULTE HOMES INC
(PHM-NYSE):
Technical Viewpoint: From a low
of $50.49 on May 13, 2002 prices
rallied, reaching a
high of $55.72
on May 24, 2002. A
decline saw prices pull back, reaching a
low of
$49.60 on Jun 14, 2002.
Another rally saw prices penetrate
resistance, closing 6/20/02
at $58.60. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 19, 2002. A P&F upside
reversal takes place at $56.25. Summary: Technical indicators have turned bullish. BUY! PULTE HOMES INC
(PHM-NYSE) @ $58.63 Stop: Use a protective stop of $55.88.
PULTE HOMES INC is currently trading @ $58.60 plus $2.40 on Jun 20, 2002. Price Objective:
$71.00. Risk/Reward: $2.75 VS. $12.38. Today's Risk Reward Ratio: 4:1
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