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Stock Investors Sell Off Shares of Toll Brothers, Down 1.4%

Published on Wed, 01/30/2013 - 13:25
By Mallory Stone

One of today's stocks on the move is Toll Brothers (NYSE:TOL), down 1.4% to $37.26. The Dow is trading fractionally higher to 13,956 and the S&P is currently trading fractionally lower to 1,507.

Based on a current price of $37.26, Toll Brothers is currently 10.0% above its average consensus analyst price target of $33.53. The stock should find initial support at its 50-day moving average (MA) of $33.01 and further support at its 200-day MA of $30.69.

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.

In the past 52 weeks, shares of Toll Brothers have traded between a low of $21.69 and a high of $38.36 and are now at $37.26, which is 72% above that low price. The 200-day and 50-day moving averages have moved 0.75% higher and 1.34% higher over the past week, respectively.

By Mallory Stone