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Bearish Moving Average Cross by Toll Brothers (TOL)

By David Diaz

Toll Brothers (NYSE:TOL) shares have crossed bearishly below their 10-day moving average of $36.52 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Toll Brothers share prices have been bracketed by a low of $33.47 and a high of $52.73 and are now at $36.00, 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Toll Brothers and will alert subscribers who have TOL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Toll Brothers

Ticker(s): TOL