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SmarTrend Watching for Potential Rebound in Shares of Toll Brothers After 2.53% Loss

By Amy Schwartz

Toll Brothers (NYSE:TOL) traded in a range yesterday that spanned from a low of $35.61 to a high of $36.95. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $35.99 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Toll Brothers share prices have been bracketed by a low of $33.47 and a high of $52.73 and are now at $36.00, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

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