UBS Analysts Believe You Should Buy Shares of Pulte Homes

September 21, 2011

Pulte Homes (NYSE:PHM) upgraded to Buy from Neutral at UBS. The stock closed yesterday at $4.38 on volume of 9.5 Million shares, below the average daily volume of 15 million. Pulte may finally look to rise off the bottom and head back over $5 following this upgrade.In the past 52-weeks, shares of Pulte Homes have traded between a low of $3.4 and a high of $8.99 and are now at $4.38, which is 28.8% above that low price.Pulte Homes should find initial resistance at its 50-day moving average (MA) of $5.38 and further resistance at its 200-day MA of $7.02.