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Toll Brothers Crosses Above its 10-day MA (TOL)

By Nick Russo

Today, shares of Toll Brothers (NYSE:TOL) have crossed bullishly above their 10-day moving average of $37.19 on a volume of 369K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Toll Brothers have traded between a low of $35.72 and a high of $52.73 and are now at $37.46, which is 5% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

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 23.4%. 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