Long Position on TOL @ $50.00 on 1/4/2018 (Momentum)

Toll Brothers, Inc. (TOL) is a luxury homebuilder.

The firm designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities.

The company operates through two segments, Traditional Home Building and City Living.

It also builds and sells homes in urban infill markets under the Toll Brothers City Living name.

In addition, the company develops, owns, and operates golf courses and country clubs that are associated with various master planned communities; develops and sells land to other builders; and develops, operates, and rents apartments.

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 "cup and handle" and higher share prices are expected for this stock.  Note the 50-day moving average shown in brown.

52-Weeks Trading Range: $30.45 - $51.08

Entry Point: $50.00

Stop Loss: $47.50

Target Price: $55.00

Updates

3/1/2018 12:30:48 PM

TOL closed at $43.15

Position closed on 3/1/2018 at price of $47.50 with a -5.00% loss in 56 days.

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