Monday, January 29, 2018 1:16:57 PM
Shares of Toll Brothers Inc (NYSE:TOL) have collapsed lower in the last two weeks, falling from a 52 week, multi-year high of $52.73 to a low today of $47.71. This decline should make investors worry about the future condition of the housing market. However, just like with any stock, Toll Brothers Inc will bounce hard at a key support level I am scoping out a swing trade buy at the technical, major support of $46.60. Based on PPT Methodology time counts, it needs to hit that level by Wednesday, January 31st, 2018 to be valid. If it does, look for a significant bounce back to $50.00 within days.
Gareth Soloway
InTheMoneyStocks
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