PulteGroup Stock Poised to Bounce Off Bullish Trendline, Reaching $142 Peak

PulteGroup Inc stock is down 0.9% to $119.58, but still has a 16.2% six-month lead and a long-term bullish trendline that could push shares back up toward the $142 peak. The stock is near its 320-day moving average and options traders have been bearish, which could lead to tailwinds for PHM. Options are affordably priced, making it an excellent time to weigh in on the equity's next moves.