Pulte Homes (PHM) NewsBite - PHM Covered In Bloomberg Video Report Today

Posted: Wednesday, April 08, 2009 1:43 PM EDT

Pulte Homes (PHM) was covered in a Bloomberg Video Report today and the stock is now at $9.51, down $1.26 (-11.7%) on volume of 29,908,740 shares traded. To see the video report go to http://www.marketintelligencecenter.com/VideoNews . Over the last 52 weeks the stock has ranged from a low of $6.49 to a high of $17.32. Pulte Homes stock has been showing support around $10.34 and resistance in the $11.56 range. Technical indicators for the stock are bullish and S&P gives PHM a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PHM the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 11 range. [ABR-Seven Summits Strategic Investments NewsBite]

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