Moving Average Crossover Alert: Taylor Capital (TAYC) - Tale of the Tape
19 Maio 2014 - 10:46AM
Zacks
Taylor Capital Group Inc (TAYC)
could be a stock to avoid from a technical perspective, as the firm
is seeing unfavorable trends on the moving average crossover front.
Recently, the 50 Day Moving Average for TAYC broke out below the
200 Day Simple Moving Average, suggesting short-term
bearishness.
This has already started to take place, as the stock has moved
lower by 9.4% in the past four weeks. And with the recent moving
average crossover, investors have to think that more unfavorable
trading is ahead for TAYC stock.
If that wasn’t enough, Taylor Capital isn’t looking too great from
an earnings estimate revision perspective either. It appears as
though many analysts have been reducing their earnings expectations
for the stock lately, which is usually not a good sign of things to
come.
Consider that in the last 30 days, 2 estimates have been reduced,
while none have moved higher. Add this in to a similar move lower
in the consensus estimate, and there is plenty of reason to be
bearish here.
That is why we currently have a Zacks Rank #4 (Sell) on this stock
and are looking for it to underperform in the weeks ahead. So
either avoid this stock or consider jumping ship until the
estimates and technical factors turn around for TAYC.
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