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SmarTrend Watching for Potential Pullback in Shares of Toll Brothers After 1.36% Gain

By David Diaz

Toll Brothers (NYSE:TOL) traded in a range yesterday that spanned from a low of $37.83 to a high of $38.12. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $37.91 on volume of 595,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Toll Brothers share prices have been bracketed by a low of $28.68 and a high of $43.83 and are now at $38.12, 33% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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.

Keywords: rebounders Toll Brothers

Ticker(s): TOL