With rising long-term rates so low, extremely low inventories with very favorable commodity prices (till recently)
and very favorable lending conditions pushing home prices higher it is not unreasonable for prices to fall with
higher rising long rates, commodities, and increased supply. Though bank lending should remain very favorable.
TOL is currently at 55.50 and target is 71.58. It broke out of the pennant, came back down tested support and held (lower time interval chart shows this better). It also closed right above the 1d 8 EMA. I would put a stop under the EMAs around $54 or 3%. Risking 3% to gain 20%+
February's Secondary Trade
This trade is slightly riskier and is the opposite of the general market movement (bullish).
Residential Construction as a category has done generally well through the pandemic, at this point most of the companies in this sector have a very similar chart movement (Downward range) which is great as it shows a level of predictability...
The PEAD projected a neutral outlook for $TOL after a negative under reaction following the earning release placing the stock in Drift D
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For FY 2021, TOL expects deliveries of 9,600-10,200 homes with an average sales price of $790K-$810K.
That compares with consensus of 9,935 and average sales price of $812.9K.
Home deliveries for the quarter ended Oct. 31, 2020 were 2,940 homes vs. consensus of 2,515; compares with fiscal Q3 deliveries of 2,022 and Q4 2019 deliveries of 2,672.
Fiscal Q4 EPS of...
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. With a surge in work from home, consumers are shifting towards investing in home improvements. Cautious as TOL has a poor leverage ratio, with 4B in debt and only 700M in cash.
Here is an opportunity to short Toll Brothers, Toll Brothers is a luxury homebuilding company set to fall apart in our crumbling economy caused by the pandemic. This is an opportunity to short the company during these temporary choppy times. My strategy is to build my position $500 at a time. The put I will be buying has a strike price of $35 and expires 12/18....
Potential long on a break above long term downtrend resistance as a result of earnings beat
Reports Q3 revenue $1.65B, consensus $1.55B. Home sales revenues were $1.63B, down 7%, home building deliveries were 2,022, up 1%. Net signed contract homes were 2,833, up 26% and contract value was $2.21B, up 18%. Backlog in homes at Q3 end was 7,239, up...
Hey people, TOLL BROS is in a bullish configuration with lower purchase volume on TIMEFRAME 15 5 Min. We can see a slowdown with a false refusal of sellers and large volumes of sales at the end of the session. A big possibility to go to the last previous high point.
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