RS3175

TPH Consolidating Before Moving Up

Long
RS3175 Updated   
NYSE:TPH   Tri Pointe Homes, Inc.
TPH formed a double bottom in end July-beginning Aug before going into a consolidation phase. Bearish momentum is getting over. Next week TPH should start its move up.
Trade closed: stop reached:
TPH crashed with the market yesterday. Several more days maybe weeks before it starts turning up.
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