PulteGroup saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 79 to 83.
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This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of above 80 as they launch their biggest climbs.
PulteGroup is trying to complete a cup without handle with a 149.47 buy point. See if the stock can break out in volume at least 40% higher than normal.
PulteGroup reported negative growth for both sales and earnings last quarter.
PulteGroup holds the No. 4 rank among its peers in the Building-Residential/Commercial industry group. Comstock Holding Cl A is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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