Jim Cramer wrote about two venerable companies Wednesday, Sherwin-Williams (SHW) and PulteGroup (PHM) , that told of disappointing quarters, because of supply chain problems and inflationary raw material costs. Let's check out PHM.
In this daily bar chart of PHM, below, we can see that prices recently gapped below the rising 200-day moving average line. Prices have been weak since early May and were already trading below the declining 50-day moving average line.
Trading volume increased sharply as traders voted with their feet. The daily On-Balance-Volume (OBV) line made a new low for the move down as sellers remain more aggressive players. The Moving Average Convergence Divergence (MACD) oscillator is below the zero-line.
In this weekly Japanese candlestick chart of PHM, below, we see a weakening picture. Prices are below the 40-week moving average line. The weekly OBV line has been weak. The MACD oscillator is pointed lower.
In this daily Point and Figure chart of PHM, below, we can see a downside price target in the $48-$47 area.
In this weekly close only Point and Figure chart of PHM, below, we can see a downside price target of $45.
Bottom line strategy: The charts and indicators of PHM are bearish. With a Point and Figure target of $45 I am in no particular rush to become a buyer. Stand aside for now. 
