PulteGroup, Inc.
PHM
Delayed Nyse - 07/26 08:31:04 pm
24.41USD
-0.53%

The stock approaches again the support level

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Anas Lozach
 

Strategy published on : 04/21/2017 | 14:14

long trade
Stop-loss triggered

Entry price : 23.34$
Target : 25.5$
Stop-loss : 22.8$
Potential : 9.25%

The fact that share price is returning to the lower bounds of the trading range offers a good timing to enter into new long positions in PulteGroup, Inc..
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Historically, the company has been releasing figures that are above expectations.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 20.69 USD


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

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