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Toll Brothers Set to Possibly Rebound After Yesterday's Selloff of 1.08%
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Toll Brothers (NYSE:TOL) traded in a range yesterday that spanned from a low of $23.41 to a high of $24.07. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $23.16 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of Toll Brothers on January 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.65. Since that recommendation, shares of Toll Brothers have risen 10.7%. We continue to monitor TOL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Toll Brothers share prices have moved between a 52-week high of $24.07 and a 52-week low of $13.16 and are now trading 80% above that low price at $23.71 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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