PulteGroup, Inc. : The resistance should give in
Entry price | Target | Stop-loss | Potential |
---|
US$24.17 |
US$25.6 |
US$23.3 |
+5.92% |
---|
PulteGroup, Inc. shares are trading close to a major resistance level. Given the share's technical chart pattern, investors could anticipate that this resistance zone will be broken which could lead to new upside potential.
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● The group usually releases upbeat results with huge surprise rates.
● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● The tendency within the weekly time frame is positive above the technical support level at 20.95 USD
Weaknesses● The stock is close to a major daily resistance at USD 24.28, which should be gotten rid of so as to gain new appreciation potential.
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