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Toll Brothers (TOL), together with its subsidiaries, designs, builds, markets, and arranges finance for single-family detached and attached homes in luxury residential communities. It is also involved in building or converting existing rental apartment buildings into high-, mid-, and low-rise luxury homes. In addition, the company develops, owns, and operates golf courses and country clubs associated with various planned communities, as well as individual communities. It serves move-up, empty-nester, active-adult, age-qualified, and second-home buyers in 19 states in the United States. Shares are heading higher in a bullish "flag"and are expected to move higher in this formation. The stock has a 52-week trading range of $13.16 - $30.41. Shares last traded at $30.08. Should you decide to take a position, wait for the morning volatility to wear off and use a stop-loss of $28.50 (five percentage points below your purchase price.) Be sure to use a limit orderand not a market order. Keep in mind that our price target is 10% higher than your purchase price.
