Toll Brothers (TOL) – Bullish DailyPlay for Wednesday Jan 30th, 2019

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.

View this Trade Idea on TOL

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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