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Toll Brothers Bearish Moving Average Crossover Alert (TOL)

By Nick Russo

Today, shares of Toll Brothers (NYSE:TOL) have crossed bearishly below their 10-day moving average of $39.39 on a volume of 169K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Toll Brothers share prices have moved between a 52-week high of $41.07 and a 52-week low of $25.29 and are now trading 55% above that low price at $39.15 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Toll Brothers on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.30. Since that recommendation, shares of Toll Brothers have risen 35.4%. We continue to monitor TOL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Toll Brothers

Ticker(s): TOL