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Toll Brothers Bullish Moving Average Crossover Alert (TOL)

By James Quinn

Today, shares of Toll Brothers (NYSE:TOL) have crossed bullishly above their 10-day moving average of $30.92 on a volume of 829K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Toll Brothers has traded in a range of $23.75 to $42.19 and is now at $31.11, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Toll Brothers on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.81. Since that recommendation, shares of Toll Brothers have risen 6.3%. 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