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Taylor Morriso-A Set to Possibly Pullback After Yesterday's Rally of 1.94%

By Shiri Gupta

Taylor Morriso-A (NYSE:TMHC) traded in a range yesterday that spanned from a low of $26.48 to a high of $27.36. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $27.00 on volume of 626,000 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, Taylor Morriso-A share prices have been bracketed by a low of $16.07 and a high of $27.96 and are now at $27.31, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Taylor Morriso-A and will alert subscribers who have TMHC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders taylor morriso-a

Ticker(s): TMHC