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Bearish Moving Average Cross by Tri Pointe Group (TPH)

By Shiri Gupta

Today, shares of Tri Pointe Group (NYSE:TPH) have fallen below their 10-day MA of $17.77 on a volume of 807K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Tri Pointe Group has traded in a range of $12.14 to $19.55 and is now at $17.67, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Tri Pointe Group on April 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.35. Since that recommendation, shares of Tri Pointe Group have risen 6.5%. We continue to monitor TPH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tri pointe group

Ticker(s): TPH