Texas Capital Bancshares, Inc. : An appropriate purchase level
February 27, 2013 at 09:46 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
$41.83 |
$0 |
$39.85 |
-100% |
---|
In the past few sessions, Texas Capital Bancshares have suffered from a sharp fall and is now coming back on significant support level.
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Nonetheless, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.
Texas Capital Bancshares is in oversold situation because it is near to USD 41.4. This configuration gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 44.4 resistance.
So as to make the most of a potential technical rebound of Texas Capital Bancshares, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the USD 44.4 resistance. Investors should not insist under USD 41.4 and are better to place a stop loss order under this threshold.
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