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Tri Pointe Group: The Winning Streak Continues (TPH)

By Amy Schwartz

Tri Pointe Group (NYSE:TPH) traded at a new 52-week high today of $14.82. Approximately 235,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, Tri Pointe Group share prices have been bracketed by a low of $10.37 and a high of $14.82 and are now at $14.82, 43% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 1.46% higher over the past week, respectively.

TRI Pointe Group, Inc. provides construction services. The Company designs, builds, develops, and constructs residential homes. TRI Pointe Homes serves customers throughout the United States.

There is potential upside of 39.5% for shares of Tri Pointe Group based on a current price of $14.82 and an average consensus analyst price target of $20.67. The stock should discover initial support at its 50-day moving average (MA) of $13.20 and subsequent support at its 200-day MA of $12.81.

SmarTrend recommended that subscribers consider buying shares of Tri Pointe Group on July 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.32. Since that recommendation, shares of Tri Pointe Group have risen 10.0%. We continue to monitor TPH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows tri pointe group

Ticker(s): TPH