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

By Amy Schwartz

Toll Brothers (NYSE:TOL) crossed under its 10-day moving average of $35.45 on a volume of 419K 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 $52.73 and a 52-week low of $34.34 and are now trading 3% above that low price at $35.29 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1%.

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 24.9%. 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