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
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/19/2024 08:17:41 PM
- Toll Brothers Announces Cash Dividend • GlobeNewswire Inc. • 09/17/2024 08:30:00 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Delray Beach, Florida • GlobeNewswire Inc. • 09/17/2024 03:20:39 PM
- Toll Brothers Announces Chambray at LoSo Now Open in Charlotte, North Carolina • GlobeNewswire Inc. • 09/16/2024 08:11:25 PM
- New Toll Brothers Model Home Opening at Legacy at Lake Dunlap Community in New Braunfels, Texas • GlobeNewswire Inc. • 09/16/2024 07:45:51 PM
- Toll Brothers Announces New 55+ Active-Adult Community at The Pinehills in Plymouth, Massachusetts • GlobeNewswire Inc. • 09/12/2024 07:39:31 PM
- Toll Brothers Announces the Opening of Rollingdale in Durham, North Carolina • GlobeNewswire Inc. • 09/12/2024 07:38:54 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Parker, Colorado • GlobeNewswire Inc. • 09/10/2024 08:15:52 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Ponte Vedra, Florida • GlobeNewswire Inc. • 09/05/2024 08:39:52 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Murfreesboro, Tennessee • GlobeNewswire Inc. • 09/04/2024 06:42:37 PM
- Toll Brothers Announces New Luxury Home Community Coming Soon to Royersford, Pennsylvania • GlobeNewswire Inc. • 09/04/2024 06:17:00 PM
- Toll Brothers Announces New Luxury Condominium Community Coming Soon to Chantilly, Virginia • GlobeNewswire Inc. • 09/03/2024 07:25:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 09:03:44 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 08:54:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:05:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/29/2024 08:19:50 PM
- Toll Brothers Announces New Luxury Townhome Community Coming Soon to Randolph, New Jersey • GlobeNewswire Inc. • 08/29/2024 04:35:04 PM
- Toll Brothers Opens New Luxury Waterfront Home Community in Hudson, Massachusetts • GlobeNewswire Inc. • 08/29/2024 04:32:44 PM
- Toll Brothers Apartment Living and The Davis Companies Announce the Grand Opening of Whitlow, a New Luxury Apartment Community in Lewisville, Texas • GlobeNewswire Inc. • 08/28/2024 05:30:00 PM
- Toll Brothers Announces Steeple Run Community Now Open in Quakertown, Pennsylvania • GlobeNewswire Inc. • 08/28/2024 05:07:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:10:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:09:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 08:58:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 08:53:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 08:49:18 PM
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