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After Yesterday's Decline of 1.90%, Texas Capital Bancshares Offers Investors Better Value

By James Quinn

Texas Capital Bancshares (NASDAQ:TCBI) traded in a range yesterday that spanned from a low of $84.65 to a high of $86.45. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $85.20 on volume of 171,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Texas Capital Bancshares share prices have been bracketed by a low of $29.78 and a high of $93.35 and are now at $85.35, 187% 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 subscribers consider buying shares of Texas Capital Bancshares on August 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.82. Since that recommendation, shares of Texas Capital Bancshares have risen 71.1%. We continue to monitor TCBI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders texas capital bancshares

Ticker(s): TCBI