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Shares of TCBI Down 57.6% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Texas Capital Ba (NASDAQ:TCBI) on February 25th, 2020 at $53.92. In approximately 1 month, Texas Capital Ba has returned 57.64% as of today's recent price of $22.84.

Texas Capital Ba share prices have moved between a 52-week high of $66.61 and a 52-week low of $19.10 and are now trading 20% above that low price at $22.84 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 4.4%.

Texas Capital Bancshares, Inc. is the holding company for Texas Capital Bank, NA. The Bank attracts deposits from the general public and invests those funds in loans secured by single-family residential loans and commercial real estate, secured and unsecured commercial loans, and consumer loans. Texas Capital Bancshares serves customers in the State of Texas.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Texas Capital Ba.

Log in and add Texas Capital Ba (TCBI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights texas capital ba

Ticker(s): TCBI