Today’s Chart of the Day belongs to PulteGroup (PHM). Last night, I was discussing with Carole of Melbourne Beach all the different ways I used Barchart to select the Chart of the Day and how useful all of their sorting tools are.Today I used Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more.Next I used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy in 8/15 the stock gained 32.94%.
Pulte Corporation is a publicly held holding company whose subsidiaries engage in the homebuilding and financial services businesses. The company’s significant subsidiaries include Pulte Financial Companies, Inc., Pulte Diversified Companies, Inc., and other subsidiaries which are engaged in the homebuilding business.
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The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
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- 80% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 11.61% in the last month
- Relative Strength Index 81.84%
- Technical support level 33.26
- Recently traded at 33.94 with a 50 day moving average of 29.55
Fundamental factors:
- Market Cap $9.98 billion
- P/E 16.65
- Dividend yield 1.05%
- Revenue expected to grow 159.20% this year and another 62.00% next year
- Earnings estimated to increase 32.50% this year, an additional 42.70% next year and continue to compound at an annual rate of 22.50% for at least the next 5 years
- Wall Street analysts issue 7 strong buy, 4 buy and 4 hold recommendations on the stock
