Bearish Head & Shoulders Signals Potential 20% Decline In Texas Capital Bancshares


A bearish head and shoulders pattern is developing in shares of Texas Capital Bancshares. A 20% decline in the stock is possible if it drops below $76, which represents both neckline and trend-line support. A measured move price target of $60 is derived from the distance between the head and the neckline.

If the stock holds $76, expect a continuation of its current uptrend.

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