In the past few sessions Tri Pointe Homes' shares sharply fell but the stock is presently coming back to a significant support level.
The company displays solid fundamentals with an attractive valuation (P/E ratio of 10.6x for 2015) and an increasing profitability (EPS should rise from 0.59 to 1.29 dollars between 2014 and 2015). Moreover, analysts covering the security target on average USD 16.9.
Technically, prices fell sharply upon contact with the USD 16.3 resistance. This correction led shares on the USD 13.6 support. This threshold means a trading opportunity in order to anticipate a technical rebound toward USD 14.62. Tri Pointe Homes should be able to confirm its rebound in further sessions.
In fact, the configuration could quickly take over an uptrend with the combination of all technical and fundamental factors. Most active investors could therefore open long positions to aim the USD 14.6, and the crossing of this level would open the way to more ambitious objectives. However the position needs to be protected by a stop-loss order below the USD 13.6.
Tri Pointe Homes, Inc. operates as a homebuilder, which is engaged in the design, construction, and sale of single-family attached and detached homes. It offers its services across ten states, including Arizona, California, Colorado, Maryland, Nevada, North Carolina, South Carolina, Texas, Virginia and Washington, and the District of Columbia. The Company operates through two businesses: homebuilding and financial services. Its three homebuilding segments include West Region, which includes Arizona, California, Nevada, and Washington; Central Region, which includes Colorado and Texas, and East Region, which includes the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. Its Tri Pointe Solutions financial services operation comprises its Tri Pointe Connect mortgage financing operations, its Tri Pointe Assurance title and escrow services operations, and its Tri Pointe Advantage property and casualty insurance agency operations.
TRI POINTE HOMES, INC. 
