If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

Wednesday, January 22, 2014

Stock for 1/22 PHM

Lets have a look at the PHM daily chart.


PHM has been in a choppy uptrend for a few months.  It has pulled back from resistance, but is trying to find support at the Nov. peak.  If it can mount a rally from here it should test the recent high and possibly break out above it.   If that happens it could accelerate the up move.  If it breaks down here the 50 and 200 SMAs are just a bit below and should catch it.

Bob

No comments:

Important

The information in this blog is provided for educational purposes only and is not to be construed as investment advice.