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Look for Shares of Taylor Morriso-A to Potentially Pullback after Yesterday's 1.65% Rise

By Shiri Gupta

Taylor Morriso-A (NYSE:TMHC) traded in a range yesterday that spanned from a low of $24.33 to a high of $24.57. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $24.49 on volume of 536,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Taylor Morriso-A on March 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.20. Since that recommendation, shares of Taylor Morriso-A have risen 32.8%. We continue to monitor TMHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Taylor Morriso-A has traded in a range of $14.73 to $24.72 and is now at $24.50, 66% above that low. The 200-day and 50-day moving averages have moved 0.87% higher and 1.69% higher over the past week, respectively.

Keywords: rebounders taylor morriso-a

Ticker(s): TMHC