Pulte Group's most recent trend suggests a bearish bias. One trading opportunity on Pulte Group is a Bear Call Spread using a strike $43.00 short call and a strike $48.00 long call offers a potential 13.12% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $43.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $48.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Pulte Group is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Pulte Group is bearish.
The RSI indicator is at 23.42 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Pulte Group
Lennar, Pulte and Homebuilders Spike After Fed's Interest Rate Cut
Tue, 03 Mar 2020 17:57:00 +0000
The Federal Reserve cuts its benchmark interest rate by 50 basis points to support the economy as the coronavirus spreads.
PulteGroup Stock Will Gain on Strong Housing Demand, Analyst Says
Tue, 03 Mar 2020 16:39:00 +0000
Susquehanna’s Jack Micenko upgraded the shares, citing strong fundamentals in the housing sector as well as PulteGroup’s simultaneous efforts to target first-time buyers and improve gross margins.
Homebuilders Sidestep Selloff on Bets Mortgage Rates Will Drop After Fed Rate Cut
Tue, 03 Mar 2020 13:53:00 +0000
By Yasin Ebrahim
Construction Spending Hits 2-Year High in January: 5 Picks
Tue, 03 Mar 2020 13:06:01 +0000
A stable U.S. economy, despite the fact that it is in the historically longest 11.5 years of expansion, is a major positive for construction stocks.
PulteGroup, Inc. — Moody's changes the outlook for Pulte to positive; Ba1 CFR affirmed
Mon, 02 Mar 2020 20:11:19 +0000
Moody's Investors Service (Moody's) changed the outlook for PulteGroup, Inc. (Pulte) to positive from stable. Moody's also affirmed the company's Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating, and the Ba1 rating on its senior unsecured notes. Pulte's SGL-1 Speculative Grade Liquidity Rating is maintained.
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