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 ...
As we can see in the chart TOL is on the crossing of 2 trend lines which provide strong support, this could act as a catalyst for a huge trend change.
Additionally, the stock got great fundamentals too, Its revenue and earnings are growing each year, the stock pe ratio is about 6 and the stock gives dividends.
I think this is a great time to buy, personally, I ...
"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.
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 ...