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Recent 52-Week Low Surpassed in Shares of Taylor Morriso-A (TMHC)

By Shiri Gupta

Shares of Taylor Morriso-A (NYSE:TMHC) traded at a new 52-week low today of $16.44. Approximately 89,000 shares have changed hands today, as compared to an average 30-day volume of 884,000 shares.

Taylor Morriso-A share prices have moved between a 52-week high of $28.42 and the current low of $16.44 and are currently at $16.54 per share. The 200-day and 50-day moving averages have moved 0.49% lower and 0.77% lower over the past week, respectively.

Taylor Morrison Home Corporation is a homebuilder in North America. The Company builds single-family detached and attached homes and develop land, which includes lifestyle and master planned communities.

There is potential upside of 75.7% for shares of Taylor Morriso-A based on a current price of $16.54 and an average consensus analyst price target of $29.06. The stock should find initial resistance at its 50-day moving average (MA) of $19.06 and further resistance at its 200-day MA of $22.17.

SmarTrend recommended that its subscribers protect gains by selling shares of Taylor Morriso-A on July 25th, 2018 by issuing a Downtrend alert when the shares were trading at $20.07. Since that call, shares of Taylor Morriso-A have fallen 17.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows taylor morriso-a

Ticker(s): TMHC