The company has growth characteristics and has a low valuation as shown by the P/E ratio at 8.18x for the current year.
Technically, the security is in a negative configuration in the short term as the bearish trend of the 20-day moving average shows. Nevertheless, the stock seems in an oversold situation, near to its USD 9.8 support in daily data.
This level might stop the bearish trend in the short term and should help for a technical rebound.
So as to make the most of a potential technical rebound of TRI Pointe Group, it seems opportune to open a long trade at current prices.
A confirmation of this pattern would enable the security to reach the USD 11 area, which correspond to a trend-line and the first daily resistance.
Investors should not insist under USD 9.3 and are better of placing a stop loss order on this level.
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. 
