The bullish DailyPlay we chose for Wednesday, Jan 30th is Toll Brothers (TOL). TOL is part of the Home Construction Sector (ITB). Over the last month, ITB has experienced a 10.44% move higher and its 1m and 6m trend have turned bullish on 1/4 while breaking above its $31 resistance level.
Toll Brother’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $34 support level. With a technical score of 7 (out of 10), TOL is a strong stock that will likely continue higher.
As a stop loss, if TOL was to trade below $34 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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