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Shares of Taylor Morriso-A Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Taylor Morriso-A (NYSE:TMHC) traded today at $18.74, breaking its 52-week low. This new low was reached on below average trading volume as 237,000 shares traded hands, while the average 30-day volume is approximately 868,000 shares.

Taylor Morriso-A (NYSE:TMHC) has potential upside of 53.9% based on a current price of $18.89 and analysts' consensus price target of $29.06. The stock should find initial resistance at its 50-day moving average (MA) of $20.03 and further resistance at its 200-day MA of $22.70.

In the past 52 weeks, shares of Taylor Morriso-A have traded between the current low of $18.74 and a high of $28.42 and are now at $18.89. The 200-day and 50-day moving averages have moved 0.38% lower and 0.5% 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.

SmarTrend is tracking the current trend status for Taylor Morriso-A and will alert subscribers who have TMHC in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows taylor morriso-a

Ticker(s): TMHC