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Look for Shares of Toll Brothers to Potentially Rebound after Yesterday's 1.54% Sell Off

By Nick Russo

Toll Brothers (NYSE:TOL) traded in a range yesterday that spanned from a low of $46.75 to a high of $48.08. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $48.01 on volume of 927,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Toll Brothers share prices have moved between a 52-week high of $49.31 and a 52-week low of $34.34 and are now trading 38% above that low price at $47.38 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.6%.

Keywords: rebounders Toll Brothers

Ticker(s): TOL