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Look for Shares of Toll Brothers to Potentially Rebound after Yesterday's 2.13% Sell Off

By Shiri Gupta

Toll Brothers (NYSE:TOL) traded in a range yesterday that spanned from a low of $31.50 to a high of $32.81. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $32.52 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Toll Brothers has traded in a range of $28.68 to $52.73 and is now at $32.37, 13% above that low. The 200-day and 50-day moving averages have moved 0.71% lower and 0.68% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Toll Brothers. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Toll Brothers in search of a potential trend change.

Keywords: rebounders Toll Brothers

Ticker(s): TOL