For today's chart we've chosen to take a look at Toll Brothers Inc (NYSE:TOL) because it is nearing an influencial level of resistance. As you can see from the chart below, the $24 mark has prevented the bulls from sending the price higher over the past few months and there i0s little reason to expect this story to change. We've also noticed that the stock is testing its 200-day exponential moving average, which has prevented a move higher since early 2007. We'll keep a bearish outlook on this stock until the price closes above the horizontal trendline ($24).



You May Also Like

Related Analysis
  1. Stock Analysis

    Why Hasn't McDonald's Beaten The Dow Recently?

  2. Stock Analysis

    Whole Foods Pricing: Mistake or Misdeed?

  3. Stock Analysis

    3 Reasons Sierra Wireless Stock Could Fall

  4. Stock Analysis

    United Continental Zigs While Delta Air Lines Zags

  5. Stock Analysis

    3 Reasons ExOne's Stock Could Rise

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!