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SmarTrend Watching for Potential Pullback in Shares of Tri Pointe Group After 1.23% Gain

By David Diaz

Tri Pointe Group (NYSE:TPH) traded in a range yesterday that spanned from a low of $14.76 to a high of $14.87. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $14.67 on volume of 694,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Tri Pointe Group have traded between a low of $10.37 and a high of $14.87 and are now at $14.84, which is 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Tri Pointe Group on July 25th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.32. Since that recommendation, shares of Tri Pointe Group have risen 10.0%. We continue to monitor TPH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders tri pointe group

Ticker(s): TPH