InvestorsHub Logo
Followers 45
Posts 1637
Boards Moderated 1
Alias Born 10/13/2009

Re: None

Wednesday, 07/25/2018 12:37:16 PM

Wednesday, July 25, 2018 12:37:16 PM

Post# of 62
Toll Brothers Inc $TOL Is Testing Key Support, But This Level Is Better

Leading home builder, Toll Brothers Inc (NYSE:TOL), has been steadily declining since January 2018 when it traded as high as $52.73 a share. Since that high pivot, TOL stock has steadily fallen lower. Today, TOL stock is trading at $34.93 a share. Despite the stock being severely oversold and holding a major retrace level there is very little optimism for the shares to move higher from here. Many investors believe that higher interest rates will hurt the home-builder stocks going forward. Traders and investors should now watch the $30.00 area as the next major support level. This area is where the stock broke out in December 2016. Often, when a stock retests a major break-out area it will be defended by the institutional money.





Nicholas Santiago
InTheMoneyStocks
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent TOL News