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Bullish Moving Average Cross by Texas Capital Bancshares (TCBI)

By James Quinn

Today, shares of Texas Capital Bancshares (NASDAQ:TCBI) have advanced above their 10-day MA of $49.73 on a volume of 109K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Texas Capital Bancshares has traded in a range of $29.78 to $63.70 and is now at $50.70, 70% above that low. The 200-day and 50-day moving averages have moved 0.65% lower and 2.25% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Texas Capital Bancshares on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.14. Since that recommendation, shares of Texas Capital Bancshares have risen 5.2%. We continue to monitor TCBI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses texas capital bancshares

Ticker(s): TCBI