How the (PHM) price action is used to our Advantage
April 09, 2024, 01:58 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PHM
- Buy PHM slightly over 111.57 target 120.8 stop loss @ 111.25 Details
The technical summary data tells us to buy PHM near 111.57 with an upside target of 120.8. This data also tells us to set a stop loss @ 111.25 to protect against excessive loss in case the stock begins to move against the trade. 111.57 is the first level of support below 115.05 , and by rule, any test of support is a buy signal. In this case, support 111.57 is being tested, a buy signal would exist.
- Short PHM slightly under 120.8, target 111.57, stop loss @ 121.15 Details
The technical summary data is suggesting a short of PHM as it gets near 120.8 with a downside target of 111.57. We should have a stop loss in place at 121.15though. 120.8 is the first level of resistance above 115.05, and by rule, any test of resistance is a short signal. In this case, if resistance 120.8 is being tested, a short signal would exist.
Swing Trading Plans for PHM
- Buy PHM slightly over 117.79, target 120.8, Stop Loss @ 117.45 Details
If 117.79 begins to break higher, the technical summary data tells us to buy PHM just slightly over 117.79, with an upside target of 120.8. The data also tells us to set a stop loss @ 117.45 in case the stock turns against the trade. 117.79 is the first level of resistance above 115.05, and by rule, any break above resistance is a buy signal. In this case, 117.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PHM slightly near 117.79, target 113.83, Stop Loss @ 118.13. Details
The technical summary data is suggesting a short of PHM if it tests 117.79 with a downside target of 113.83. We should have a stop loss in place at 118.13 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 117.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for PHM
- Buy PHM slightly over 115.7, target 117.46, Stop Loss @ 115.43 Details
If 115.7 begins to break higher, the technical summary data tells us to buy PHM just slightly over 115.7, with an upside target of 117.46. The data also tells us to set a stop loss @ 115.43 in case the stock turns against the trade. 115.7 is the first level of resistance above 115.05, and by rule, any break above resistance is a buy signal. In this case, 115.7, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short PHM slightly near 115.7, target 113.83, Stop Loss @ 115.97. Details
The technical summary data is suggesting a short of PHM if it tests 115.7 with a downside target of 113.83. We should have a stop loss in place at 115.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 115.7, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Pultegroup Inc. (PHM) available here: PHM.
PHM Ratings for April 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
102.13 |
| P2 |
115.7 |
113.83 |
111.57 |
| P3 |
117.46 |
117.79 |
120.8 |
AI Generated Signals for PHM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Pultegroup Inc. (NYSE: PHM) data table below can help you with price action, and we have more details too. Trading plans for PHM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PHM:
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