0LFS trade ideas
Gems in a bear market rally: The homebuildersContinuing with my search for stocks to be bullish on (before I turn decidedly bearish as the S&P approaches 2625), I arrive at the homebuilders. Much like ANF ( as highlighted in my last idea ), homebuilders did not really enjoy the fruits of a massive rally over the past 10 years.
In the chart above, we see TOL has formed an almost perfect bullish triangle and has broken out above it during Friday's price action. Fundamentally, our current rally is being fueled by a supposedly dovish Fed (although I would argue that Powell is not actually dovish) and lower interest rates means more homes being financed and bought.
Similar bullish patterns exist in PHM, BZH and LEN so I think the whole sector is buyable here.
Buy TOL here at $35.33 with a target price of $38.75 and a stop of $33.80.
RS and Asc Tri B/OEarnings weren't garbage, still near 20 day highs while rest of market trades like doodoo
Went long today! $TOLgot long today at 29.33$, going to sale half and half.. After my first target hit, I usually move my stop up..
Toll Brothers heading towards the 50'sAs we can see in the chart TOL is on the crossing of 2 trend lines which provide strong support, this could act as a catalyst for a huge trend change.
Additionally, the stock got great fundamentals too, Its revenue and earnings are growing each year, the stock pe ratio is about 6 and the stock gives dividends.
I think this is a great time to buy, personally, I entered at 30.5 points and I believe in this stock.
Buy point - 30.75 points.
Sell point - 45-50 points (half a year to a year time span).
StopLoss - 28 points.
Toll Brother seeing support and possible trend change?Toll Brothers is looking like an appealing stock to me at this price range. The stock surely is showing some support at recent levels around $33.70, as well as what looks like a trend break to me. Toll Brothers stock has been beaten up since going public however it has created some decent market share for itself and continues to have average house prices increase. Another large factor for this decision is that price of lumber has fallen drastically in the past 4 or 5. Essentially as lumber prices go down, the companies expensive will also go down without effecting their income much. I forsee Toll Brothers over the next 2 months to reach an expected share price for of approximately $40. The link in order to see the information on lumber prices is found below.
Toll Brothers: Strong Financials, Buybacks...and Housing Jitters"Toll Brothers finally got a strong post-earnings response and cut through some housing jitters. Still, the message has not changed."
Toll Brothers: Strong Financials, Buybacks...and Housing Jitters drduru.com $TOL #housingwatch
Toll Brothers: ABCD completion with downside target at $38Interest rates are up and new home sales are slowing. Weekly ABCD completion for TOL and declining volumes. Downside potential to test congestion zone at $38 which coincides with a 50% retracement of the CD leg. Do note this is a weekly chart and the tactical price action appears to be basing, so there could be a better price to be had for initiating any short.
TOL XHB / Homebuilders starting to look good. Potential C&H pattern forming. Some bullish divergence as well.
Can Toll hold? Few months in here and , just falling apart. The Homebuilders ETF also, has been falling apart. I have a feeling that this support will hold. Watch your lower time frames
Toll Brothers to Hopefully retest ATHsUptrend has been happening for a while. Rich people buy their houses, many with cash. Very solid long choice. Probably won't follow the line perfectly though lol.
$TOL to rocket after earnings?Looking at this tending chart its easy to see that TOL has has a nice run as of lately. With a lack of liquidity for new home buyers in current markets, home builders have been seeing substantial upside in their businesses.
TOL is expected to beat earnings, may be a good run to the upside.
Please invest at your own risk, I'm not a professional nor do I claim to be.
Ref:
www.nahb.org
www.usatoday.com
www.nasdaq.com
GOOD BUY! This is a good trade to get in to. The MACD has triggered a buy signal a few days ago. I also believe that earnings will push the price higher.
TOLL BROTHERS SHORTFundamentals are against this idea but whatever. Price has dabbled around the monthly breaker as institutions have been acquiring positions, then it has finally broken down. Now price is back up to the equilibrium of the range and is ready to fly down.
Bought the 35.00 breakout in an uptrendAiming to enter a new monthly uptrend, planning on a move to the 40$ area and uptrend to 47$-52$ area, resting area and a release of all the stored accumulation energy to the 3 digits prices.
Double top?@rahagar Or room for a leg higher? If market pulls back, this could be good on a backtest.
Earnings Gap Plan (Brad Reed May26,2015)If TOL gaps below 34.99 consider using the Retest Gap strategy. If it gaps above 38.19 consider using the Perfect Gap N Go strategy but watch out for a pivot point at 38.96. To get a free and complete trading education go to www.RealLifeTrading.com
