HotCandlestick Newsletter - Sunday, May 7, 2017

Newsletter: Sunday, May 7, 2017

PulteGroup Inc. - Daily Chart

Date	Last 3 Daily Candle Patterns	Strength
5-May-2017	Bullish Ladder Bottom	83.6
25-April-2017	Bearish Three Outside Down	18.4
24-April-2017	Bearish Engulfing	11.4

PulteGroup Inc. (PHM) is beating the overall market this year, roughly tripling the performance of the S&P 500. However it has pulled back about 8.5% from the recent high. The daily chart of PHM above shows a Bullish Ladder Bottom candlestick pattern after recent price declines. Could the Bullish Ladder Bottom pattern indicate a short term reversal? As with any stock there are always many factors, technical and fundamental at play that affect price action.

Let's take a look at the weekly and monthly charts...

PulteGroup Inc. - Weekly Chart

PulteGroup Inc. - Monthly Chart

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