Shares of Pulte Homes (NYSE:PHM) are trading relatively unchanged, recently trading at $8.22. The stock has been drifting lower over the past ten trading days and is currently trading in a technical downtrend.
The call volume today was 6,138 contracts, which is 3x the average daily volume of 2,222. Usually high call volume is an indicator that many investors are looking for higher prices in the near future.
SmarTrend alerted subscribers to take profits in Pulte Homes on May 06, 2010 at $11.93, since then the stock fell 31.1%. We are now watching for any positive developments that could result in a new uptrend signal.