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Next Support Level for Texas Capital Bancshares (TCBI) is $15.91

Written on Thu, 07/29/2010 - 11:28am
By Chip Brian

SmarTrend has detected shares of Texas Capital Bancshares (NASDAQ:TCBI) have bearishly opened below the pivot of $16.41 today and have reached the first level of support of $16.08.
Should the shares continue to fall, we are monitoring the next support pivots of $15.91 and $15.41. Also, the shares are currently trading below the 50-day moving average of $17.59 and below the 200-day moving average of $16.83.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to sell shares of Texas Capital Bancshares on May 04, 2010 at $19.30. Since the call, the stock has fallen 16.8%.

Keywords: texas capital bancshares pivot points

Ticker(s): TCBI

Contact Chip Brian



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