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Toll Brothers Bearish Moving Average Crossover Alert (TOL)

By David Diaz

Today, shares of Toll Brothers (NYSE:TOL) have crossed bearishly below their 10-day moving average of $26.73 on a volume of 354K shares. Swing traders may find an opportunity 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 $42.19 and a 52-week low of $23.75 and are now trading 11% above that low price at $26.47 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 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