Use advanced tools to confirm the Rectangle on PHM before you trade.
Sideways movement between parallel supports.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
Bearish continuation if preceding move was down.
A clear signal has emerged for PulteGroup (PHM) on the daily chart. The stock is trading at $122.68, up 0.76% on the day. Price action has carved out a classic Bearish Flag. Volume is average (0.53x avg) with moderate trend strength (16.6). A potential breakout level is identified at $113.26, targeting $82.33 with support near $123.46 (R:R 3.03).
What is your outlook on PHM?