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Friday, March 23, 2012

Early Morning Movers: (TOL)

Toll Brothers Inc. (NYSE: TOL): fell by 2.94% or $-0.7/share in pre-market trading to $23.10. In the past year, the shares have traded as low as $13.16 and as high as $25.07. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $23.48 represents resistance and the 200-day moving average of $19.90 would be an area of support.