Pulte Homes (PHM) NewsBite - PHM Is On the Move

Posted: Thursday, November 05, 2009 10:30 AM EDT

Pulte Homes (PHM) appears to be on the move today and is now at $9.86, up $0.31 (3.25%) on volume of 2,597,106 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.49 to a high of $13.59. PHM was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la110509 . Pulte Homes stock has been showing support around $8.56 and resistance in the $10.42 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 an April out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]

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