Pultegroup Inc

PHM’s breakdown below the horizontal support zone on strong volume and bearish EMA alignment confirms a Stage 4 distribution and medium-term bearish bias. Short-term momentum is negative with price extended below the 9/20/50 EMAs and RSI in extreme oversold territory. Favor initiating sell-side exposure into rallies toward the broken support/resistance zone near 124–125 or dynamic resistance at the 50EMA.

• ↑Net new orders rose 6% YoY to 7,536 homes; backlog stands at 10,966 homes ($6.8B)
• ↑Built-to-order mix reached 45%, boosting customization and expected margins
• ↓Q2 revenue fell 9.6% YoY to $3.98B as average selling prices declined