Toll Brothers is looking like an appealing stock to me at this price range. The stock surely is showing some support at recent levels around $33.70, as well as what looks like a trend break to me. Toll Brothers stock has been beaten up since going public however it has created some decent market share for itself and continues to have average house prices...
"Toll Brothers finally got a strong post-earnings response and cut through some housing jitters. Still, the message has not changed."
Toll Brothers: Strong Financials, Buybacks...and Housing Jitters drduru.com $TOL #housingwatch
Interest rates are up and new home sales are slowing. Weekly ABCD completion for TOL and declining volumes. Downside potential to test congestion zone at $38 which coincides with a 50% retracement of the CD leg. Do note this is a weekly chart and the tactical price action appears to be basing, so there could be a better price to be had for initiating any short.
Few months in here and , just falling apart. The Homebuilders ETF also, has been falling apart. I have a feeling that this support will hold. Watch your lower time frames
Uptrend has been happening for a while. Rich people buy their houses, many with cash. Very solid long choice. Probably won't follow the line perfectly though lol.
Looking at this tending chart its easy to see that TOL has has a nice run as of lately. With a lack of liquidity for new home buyers in current markets, home builders have been seeing substantial upside in their businesses.
TOL is expected to beat earnings, may be a good run to the upside.
Please invest at your own risk, I'm not a professional nor do I claim...
Fundamentals are against this idea but whatever. Price has dabbled around the monthly breaker as institutions have been acquiring positions, then it has finally broken down. Now price is back up to the equilibrium of the range and is ready to fly down.
Aiming to enter a new monthly uptrend, planning on a move to the 40$ area and uptrend to 47$-52$ area, resting area and a release of all the stored accumulation energy to the 3 digits prices.
If TOL gaps below 34.99 consider using the Retest Gap strategy. If it gaps above 38.19 consider using the Perfect Gap N Go strategy but watch out for a pivot point at 38.96. To get a free and complete trading education go to www.RealLifeTrading.com
