Long Position on TOL @ $34.55 on 4/29/2013 (Momentum)

Toll Brothers (TOL) designs, builds, markets, and arranges finance for 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, through joint ventures, is developing a high-rise luxury condominium/hotel project and a for-rent luxury apartment complex. Further, it owns, develops, and operates golf courses and country clubs associated with various planned communities.

The company serves move-up, empty-nester, active-adult, age-qualified, and second-home buyers in 19 states in the United States.

Shares have formed a bullish "flag" and higher prices are expected for this stock.

52-Week Trading Range:  $23.78 - $38.36

Entry Point:   $34.55

Stop Loss:  $33.00

Target Price: $38.22

Updates

5/22/2013 9:35:05 AM

We closed TOL position at $38.70 after it exceeded our target price. If you wish to stay in the stock, raise your stop loss to $37.75.

Position closed on 5/22/2013 at price of $38.70 with a 12.01% gain in 22 days.

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