PHM - Minor Low in Sideways Trend

NYSE:PHM   PulteGroup, Inc.
ITB has been a strong sector that has pullback with Macro (interest rate) uncertainty.

Prices consolidated after the earnings spike and have made a two leg pullback.

Pro's - fresh (Y/Y) after G/G. RAF at extreme. Vscore @ support. Darvas and L2 support. Prices are within 34ema trend. Prices have volume support.

Con's - Trend has weakened. No propulsion momentum.

Entry - $54.25
Breakeven Target - Due to Darvas/volume resistance and y/y trend. $55.20
Profit - $56.70

21APR23 55 Calls
Order cancelled:
Did not take due to all of the breakouts and exposure.

Has not hit profit target yet.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.