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Taylor Morrison Home (TMHC) Crossed Above the 20-Day Moving Average: What That Means for Investors

From a technical perspective, Taylor Morrison Home (TMHC) is looking like an interesting pick, as it just reached a key level of support. TMHC recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.

Moving Average Chart for TMHC
Moving Average Chart for TMHC

Over the past four weeks, TMHC has gained 6.1%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.

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Once investors consider TMHC's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 4 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on TMHC for more gains in the near future.


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