Toll Brothers Inc

For today's chart we've chosen to take a look at Toll Brothers Inc. (NYSE:TOL) because the company's stock has recently bounced off the resistance of its 100-day exponential moving average. As you can see from the chart, we've also identified a triple top pattern, which will likely be used by technical traders as confirmation of an expected move lower.

It will be interesting to see how traders react to tomorrow's earnings announcement. Given the downward sloping moving averages, we believe that most bullish traders will likely choose to remain on the sidelines until the results are made public. There is no doubt that it will take some good news for us to see the stock move higher.