Pulte Homes (PHM) NewsBite - PHM Upgraded By Citigroup
Posted: Wednesday, November 18, 2009 10:09 AM EDT
By: Market Intelligence Center Staff
Pulte Homes (PHM) was upgraded today by analysts at Citigroup and the stock is now at $10.07, up $0.47 (4.9%) on volume of 1,772,694 shares traded. The analysts lifted PHM to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $6.49 to a high of $13.59. Pulte Homes stock has been showing support around $9.32 and resistance in the $9.94 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 January out-of-the-money bull-put credit spread below the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]
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