Taylor Morrison Home Corp. (NYSE: TMHC) Stock Coverage Initiated at Wedbush

Analysts at Wedbush initiated coverage on Taylor Morrison Home Corp. (NYSE: TMHC) stock, starting the company at Neutral. The company currently has a rating of Neutral on the stock. The one-year price target of $18.67 is above the opening price of $16.60, resulting a fair amount of other analysts to issue statements on the company recently. Looking back over the last year, Taylor Morrison Home Corp. stock has a high of $20.64. Changes in price targets are not unheard of as analysts and brokerage firms will issue periodic updates after beginning or initiating coverage.

U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.

The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.

The blue-chip gauge had been up by as much as 131 points earlier and traded within a 162-point range.

The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range

Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.

Earlier, the Nasdaq Composite Index had been up by as many as 37 points and traded with a 58-point range

Yesterday Taylor Morrison Home Corp. (NYSE: TMHC) shares last traded at $16.44, which represents a dip of $0.27 compared to the previous closing price. Opening at $16.60, they varied from $16.07 and $16.73 throughout the day.

Taylor Morrison Home Corp. (NYSE: TMHC) now has a market cap of 498.85M.

The stock’s average daily volume is 283,830 shares out of a total float 28,763,000 and some 58,634 shares traded hands yesterday, 86 percent below the average. Trading volume is likely to increase in the next few days as swing traders often use swings in trading volume to pinpoint substantial volume aggregation or circulation by institutional investors.

As with all potential breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to show that fund managers and other professional investors are jumping in.

Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Professional investors such as these retain substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.

With that in mind, Taylor Morrison Home Corp. (NYSE: TMHC) now has a 50-day MA of $17.18 and 200-day MA of $15.45. It has traded in a 52-week range between $10.33 – 20.640 and today’s last price is 0.20% lower than the 52 week high of $20.64.

Earnings growth is a critical factor to consider when buying stocks and investors identify companies that have raised their earnings at least 25% or more for 3 consecutive years.

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