Has the TOL been paid?As trading view states, Toll Brothers, Inc. engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. The technicals are neutral and the analysis's naively have given this company a buy rating.
However, among the real estate companies affected by the LA Fire, TOL seems to be among the worst. Moreover, they've been mean reverting to the 52 week mean and are still above the 20 day Bollinger bands, which suggests a price around 128 may still be possible. For the past 4 days or so, speculators have pumped the price up, only to have it close red . At some point, the bearish fundaments will likely match the technicals and the 20 day mean reversion may continue downward.
To me, it seems that the only thing holding this stock up is big money and institutional investors which daily cost average into it during the pre-market driving it up.
