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Watch for Continued Losses in Shares of Tri Pointe Group (TPH)

By Nick Russo

Shares of Tri Pointe Group (NYSE:TPH) traded today at $11.67, breaking its 52-week low. Approximately 308,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

Over the past year, Tri Pointe Grouphas traded in a range of $11.67 to $19.55 and are now at $11.70. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.9%.

There is potential upside of 76.6% for shares of Tri Pointe Group based on a current price of $11.70 and an average consensus analyst price target of $20.67. The stock should run into initial resistance at its 50-day moving average (MA) of $13.76 and subsequent resistance at its 200-day MA of $16.19.

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.

SmarTrend is tracking the current trend status for Tri Pointe Group and will alert subscribers who have TPH in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows tri pointe group

Ticker(s): TPH