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Shares of Toll Brothers Under Pressure, Down 2.0%

Published on Mon, 02/25/2013 - 13:28
By Adrienne Chilton

Toll Brothers (NYSE:TOL) is one of today's biggest movers, down 2.0% to $33.89. The S&P is trading fractionally lower to 1,513 and the Dow is trading fractionally lower to 13,984.

Toll Brothers, Inc. builds luxury homes, serving both move-up and empty nester buyers in several regions of the United States. The Company builds customized single and attached homes, primarily on land that it develops and improves. Toll Brothers also operates its own architectural, engineering, mortgage, title, security, landscape, insurance brokerage, and manufacturing operations.

Toll Brothers share prices have moved between a 52-week high of $38.36 and a 52-week low of $21.78 and are now trading 56% above that low price at $33.89 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.6%.

There is potential upside of 2.8% for shares of Toll Brothers based on a current price of $33.89 and an average consensus analyst price target of $34.84. The stock should hit resistance at its 50-day moving average (MA) of $34.66, as well as support at its 200-day MA of $31.71.

By Adrienne Chilton
achilton@fnno.com