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Toll Brothers Bearish Moving Average Crossover Alert (TOL)

By David Diaz

Today, shares of Toll Brothers (NYSE:TOL) have fallen below their 10-day MA of $42.22 on a volume of 3.0 million 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.

In the past 52 weeks, shares of Toll Brothers have traded between a low of $36.55 and a high of $52.73 and are now at $40.22, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.27% lower 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 9.7%. 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