Friday, January 17, 2014
PulteGroup, Inc. (NYSE: PHM)
PulteGroup, Inc., through its subsidiaries, engages in homebuilding
and financial services businesses primarily in the United States. The
company’s Homebuilding segment is involved in the acquisition and
development of land primarily for residential purposes within the United
States; and the construction of housing on such lands. This segment
offers various home designs, including single-family detached,
townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb,
and Centex names. Its Financial Services segment engages in mortgage
banking and title operations. This segment arranges financing through
the origination of mortgage loans primarily for homebuyers; sells such
loans and related servicing rights; and provides title insurance
policies as an agent, as well as examination and closing services to
homebuyers.
Please take a look at the 1 yr. chart of PHM (PulteGroup, Inc) that I have shown below with my added notations:
PHM has formed a very nicely defined upchannel over the last (3) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to a channel any (3) points can start the channel, but it’s the 4th test and beyond that confirm it. You can see that PHM has multiple test points between the channel resistance (green) and the channel support (blue). Following the PHM channel can provide you with both long and short trading opportunities.
The Tale of the Tape: PHM has formed a common chart pattern known as a channel, in this case, an up-channel. A long opportunity could be entered on a pullback to the channel support, which is currently sitting near $18.50. Short trades could be entered at channel resistance OR if PHM were to break below the channel support.
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Please take a look at the 1 yr. chart of PHM (PulteGroup, Inc) that I have shown below with my added notations:
PHM has formed a very nicely defined upchannel over the last (3) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to a channel any (3) points can start the channel, but it’s the 4th test and beyond that confirm it. You can see that PHM has multiple test points between the channel resistance (green) and the channel support (blue). Following the PHM channel can provide you with both long and short trading opportunities.
The Tale of the Tape: PHM has formed a common chart pattern known as a channel, in this case, an up-channel. A long opportunity could be entered on a pullback to the channel support, which is currently sitting near $18.50. Short trades could be entered at channel resistance OR if PHM were to break below the channel support.
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McAlvany Weekly Commentary
Does Money Grow on Trees? – QE failure
Posted on 15 January 2014.
About this week’s show:
-Drew talks about heading back to Europe
-Abenomics could be an economic Fukushima
-Political lies: Employment, Inflation & Growth
-Gold Hoard in Europe – Listen Here
-Gold Hoard in Europe – Listen Here
-Gold Hoard in Europe PDF – Click Here
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Chart of the Day - NCR Corp (NCR)
The Chart of the Day is NCR Corp (NCR). I found the stock by sorting today's New High List,
eliminated the stocks not having positive gains in the last week and
month and then used the Flipchart feature to review the charts. Using
this method help you locate stock that have done recent turnarounds
before the rest of the heard notices. Since the Trend Spotter signaled a
buy on 1/8 the stock gained 7.28%.
They provide Relationship Technology solutions for the retail, financial, communications, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata warehouses, ATMs and store automation. The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and world-leading hardware technology.
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They provide Relationship Technology solutions for the retail, financial, communications, travel and transportation, and insurance markets. NCR's Relationship Technology solutions include privacy-enabled Teradata warehouses, ATMs and store automation. The company's business solutions are built on the foundation of its long-established industry knowledge and consulting expertise, value-adding software, global customer support services, a complete line of consumable and media products, and world-leading hardware technology.
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