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Toll Brothers Bearish Moving Average Crossover Alert (TOL)

By Nick Russo

Toll Brothers (NYSE:TOL) crossed under its 10-day moving average of $42.79 on a volume of 440K 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.

Over the past year, Toll Brothers has traded in a range of $25.29 to $52.73 and is now at $41.47, 64% above that low. The 200-day and 50-day moving averages have moved 0.67% lower and 0.22% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Toll Brothers on January 29th, 2018 by issuing a Downtrend alert when the shares were trading at $48.29. Since that call, shares of Toll Brothers have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Toll Brothers

Ticker(s): TOL