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SmarTrend Watching for Potential Rebound in Shares of Texas Capital Ba After 1.31% Loss

By James Quinn

Texas Capital Ba (NASDAQ:TCBI) traded in a range yesterday that spanned from a low of $99.09 to a high of $101.00. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $99.97 on volume of 231,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Texas Capital Ba. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Texas Capital Ba in search of a potential trend change.

In the past 52 weeks, Texas Capital Ba share prices have been bracketed by a low of $69.65 and a high of $103.05 and are now at $99.45, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Keywords: rebounders texas capital ba

Ticker(s): TCBI