With the Toll Brothers (TOL) corporate office not far from me as well as two of their developments on my weekend "long-run course," I feel that I know them a little better than just as a black-and-white chart. I have been favoring the long side of TOL for a while, but an update seems in order.
In this one-year daily bar chart of TOL, below, we can see that prices are still in an uptrend with a test of the rising 50-day moving average line this month and a positively sloped 200-day moving average line.
The On-Balance-Volume (OBV) has been rising the past year and tells us that buyers of TOL have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since November and recently crossed to a fresh go long signal.
In this three-year weekly chart of TOL, above, we can see that prices are above the rising 40-week moving average line. The OBV line on this time frame is neutral while the MACD oscillator is bullish.
In this Point-and-Figure chart of TOL, above, we can see that prices broke out from an "ascending triple top" and the upside price target is $44. Being in more of a downsizing mode, I am not sure I want to trade up to a Toll Brothers house, but a long trade in TOL seems attractive now.