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Tuesday, January 02, 2018 12:33:53 PM
Shares of Toll Brothers Inc (NYSE:TOL) are in trouble. The technical chart has one of the most powerful bear flag formations I have seen in the last year and it is likely near a major breakdown. The next wave of selling will be more powerful than the first, likely sinking Toll Brothers Inc as low as $40 before investors can start nibbling. The fundamental reason should be discussed as well. With the new tax plan in effect, home prices in many higher net worth states like California, New York and New Jersey will be dropping an estimated 10% or more. In addition, buyers in these higher end home states may think twice about buying, maybe even deciding to move to lower state income states. It is naive if investors think that a higher end home builder will not see an effect from this new tax plan killing off the SALT deduction.
Gareth Soloway
InTheMoneyStocks
Recent TOL News
- Toll Brothers Opens Newest Collection of Luxury Homes in Griffith Lakes Community in Charlotte, North Carolina • GlobeNewswire Inc. • 07/02/2024 08:01:02 PM
- Toll Brothers Announces Luxury Riverfront Townhome Community Coming Soon to Jacksonville, Florida • GlobeNewswire Inc. • 07/02/2024 06:26:01 PM
- Toll Brothers Apartment Living Opens Lyle, a New Luxury Community in Dallas, Texas • GlobeNewswire Inc. • 06/27/2024 06:12:18 PM
- Toll Brothers Opens Three New Model Homes at its Retreat at Town Center Community in Palm Coast, Florida • GlobeNewswire Inc. • 06/25/2024 03:26:52 PM
- Toll Brothers Chairman and CEO Douglas C. Yearley, Jr. Named Among Top CEOs by Barron’s • GlobeNewswire Inc. • 06/24/2024 09:00:00 PM
- Toll Brothers Announces Opening of New Luxury Community in Nashville, Tennessee • GlobeNewswire Inc. • 06/24/2024 02:30:00 PM
- Toll Brothers City Living and Sculptor Real Estate Announce Construction is Complete at The Rockwell, its Newest Condominium on Manhattan’s Upper West Side, as First Residents Take Occupancy • GlobeNewswire Inc. • 06/20/2024 07:58:03 PM
- Toll Brothers Releases New Gated Phase of Home Sites at its Bartram Ranch Community in North Florida • GlobeNewswire Inc. • 06/20/2024 05:41:49 PM
- Toll Brothers Opens New Model Homes at New Talley Station in Decatur, Georgia • GlobeNewswire Inc. • 06/19/2024 08:02:04 PM
- Toll Brothers Announces Cash Dividend • GlobeNewswire Inc. • 06/18/2024 08:30:00 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Cary, North Carolina • GlobeNewswire Inc. • 06/18/2024 06:24:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:17:32 PM
- Toll Brothers Apartment Living and PGIM Announce Grand Opening of The Laurent, a New Luxury Apartment Community in Cambridge, Mass. • GlobeNewswire Inc. • 06/13/2024 07:24:33 PM
- Toll Brothers Opens New Model Home at its Beckham Place at Morningside Community in Atlanta • GlobeNewswire Inc. • 06/13/2024 04:07:05 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/12/2024 09:00:47 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Littleton, Colorado • GlobeNewswire Inc. • 06/12/2024 04:00:04 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Weddington, North Carolina • GlobeNewswire Inc. • 06/12/2024 02:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:40:59 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/10/2024 08:42:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 08:01:47 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Popular West Midtown in Atlanta • GlobeNewswire Inc. • 06/06/2024 07:05:55 PM
- StoryBook Homes Announces Opening of Hemsworth Estates, an Exclusive Enclave of 10 Premier Home Sites in Las Vegas, Nevada • GlobeNewswire Inc. • 06/05/2024 07:21:08 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Centennial, Colorado • GlobeNewswire Inc. • 06/04/2024 07:39:43 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Tigard, Oregon • GlobeNewswire Inc. • 06/04/2024 06:54:31 PM
- Toll Brothers at Willow Community Now Open in Punta Gorda, Florida • GlobeNewswire Inc. • 06/03/2024 04:36:00 PM
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