whytestocks
4 years ago
JUST IN: $TOL Toll Brothers Reports Preliminary Net New Order Activity
FORT WASHINGTON, Pa., Sept. 21, 2020 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE: TOL) ( www.TollBrothers.com ) In anticipation of upcoming meetings with investors, Toll Brothers, the nation’s leading builder of luxury homes, today announced preliminary results regarding the Co...
Got this from TOL - Toll Brothers Reports Preliminary Net New Order Activity
ITMS
5 years ago
Toll Brothers $TOL Struggles To Catch A Bid, Watch This Level
Leading home-builder stock, Toll Brothers Inc (NYSE:TOL), has been steadily declining since peaking in mid-May 2019. At that time, the stock was trading as high as $39.58 a share, but has been slowly falling lower on the charts. Today, TOL stock is trading below its important 200-day moving average. This is usually a sign of further weakness for the shares in the near term. Traders and investors must now look around the $30.00 area for major chart support. This is where the stock was defended in October 2018 and also where the stock reversed a sharp weekly down-trend. This level will likely be solid support when initially retested.
Nicholas Santiago
InTheMoneyStocks
ITMS
6 years ago
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
PennyP1cker
7 years ago
Price target: $60
Sentiment: Buy
"Over the last year, the SPDR S&P Homebuilders ETF XHB, -0.09% has gained nearly 22%, outpacing the S&P 500โs 17.7% advance."
https://www.marketwatch.com/story/home-builder-sentiment-stays-very-strong-in-february-nahb-says-2018-02-15
"The National Association of Home Builders/Wells Fargo housing market index stayed at 72 in February. Thatโs a very strong reading, and just slightly below Decemberโs cycle-high reading of 74, as any reading over 50 indicates โgoodโ performance."
PennyP1cker
7 years ago
I saw a nice piece on NBR...here it is
"The groundhog may not agree, but spring has sprung early this year, at least in the housing market. Rising interest rates and record-low supply have lured potential buyers out early โ in just three days nearly 100 potential buyers toured a Denver home priced at $500,000.
"There is simply just too much demand right now," said Martin Mata, the Redfin agent showing the three-bedroom, two-bathroom home. "There is just not a lot of affordable housing here in Denver, and we have a really good economy so a lot of people are still moving here."
There were close to 26 percent fewer homes for sale in Denver in January compared with a year ago, according to Zillow. Nationally, supply is 10 percent lower than a year ago, with just three months' worth of available inventory. A six-month supply is considered to be a market balanced between buyers and sellers.
The record low supply is driving competition higher and bringing homebuyers out to the market very early...."
https://www.cnbc.com/2018/02/05/why-nearly-100-people-toured-one-denver-home-in-three-days.html
PennyP1cker
7 years ago
TOL fundamentals are in place. It should be a great year for TOL. Reports are housing shortages in the West, including jumbos such as TOL specializes in. Not many houses available but demand is above average so TOL revenues should go up a lot in 2018. As long as TOL management executes on this opportunity share price should hold steady and improve along with increased dividends.
Besides TOL, many other builders, financial companies and others are poised to have a great year. TOL and IFXY are two great stocks. If you have not picked up shares of IFXY shares yet but you already own TOL shares, now is a good time to buy IFXY. For those IFXY shareholders not yet owning TOL shares, you cannot find a better stock than TOL if you want a nice "blue chip".
ITMS
7 years ago
Toll Brothers Inc (NYSE:TOL) Nears Major Support For A Bounce
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
ITMS
7 years ago
Epic Bear Flag On Toll Brothers (TOL) Signals Major Downside
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