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Texas Capital Bancshares Bullish Moving Average Crossover Alert (TCBI)

By James Quinn

Today, shares of Texas Capital Bancshares (NASDAQ:TCBI) have advanced above their 10-day MA of $74.78 on a volume of 108K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Texas Capital Bancshares have traded between a low of $29.78 and a high of $93.35 and are now at $76.55, which is 157% above that low price. 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 its subscribers protect gains by selling shares of Texas Capital Bancshares on March 21st, 2017 by issuing a Downtrend alert when the shares were trading at $81.93. Since that call, shares of Texas Capital Bancshares have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses texas capital bancshares

Ticker(s): TCBI