Toll Brothers Inc (TOL)

[TFMG]

$TOL BULLISH SET UP INTO EARNINGS

Despite the fact that analysts are less than bullish on the stock, we have confidence that a good report will follow on from the rising home sales figures released last month. Toll brothers stock has suffered a deep correction from 2018 highs, but is now in a well defined uptrend with out target in the $43 region. Within the chart there is a possibility of a inverse H&S forming, with the price sitting on support a volume spike could validate the setup.
Given the fact that analysts are skeptical, a good earnings report could result in upgrades and a short squeeze in the days and weeks to follow.