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After Yesterday's Decline of 1.35%, Tri Pointe Group Offers Investors Better Value

By Shiri Gupta

Tri Pointe Group (NYSE:TPH) traded in a range yesterday that spanned from a low of $15.26 to a high of $15.64. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $15.27 on volume of 261,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Tri Pointe Group has traded in a range of $10.37 to $16.33 and is now at $15.37, 48% above that low. The 200-day and 50-day moving averages have moved 0.36% higher and 0.44% higher over the past week, respectively.

Keywords: rebounders tri pointe group

Ticker(s): TPH