Long Position on TMHC @ $21.35 on 4/13/2017 (Momentum)

Bullish Cup & Handle on TMHCTaylor Morrison Home Corporation (TMHC) is a homebuilder.

The firm designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities.

Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

It operates under the Taylor Morrison and Darling Homes brand names.

The Company also provides financial services to customers through its mortgage subsidiary, TMHF, and title insurance and closing settlement services through its title company, Inspired Title. Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

 

52-Weeks Trading Range: $13.31 - $22.17

Entry Point: $21.35

Stop Loss: $20.20

Target Price: $23.50

Updates

5/1/2017 11:10:31 AM

TMHC closed at $23.80.

Position closed on 5/1/2017 at price of $23.80 with a 11.48% gain in 18 days.

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