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Toll Brothers (TOL) Upgrade Alert, Watch for 10% Technical Downtrend Reversal

Oct 30, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Toll Brothers, Inc. (TOL)

Toll Brothers (NYSE:TOL) upgraded to Buy from Hold, $23 target, at Citigroup. The stock closed yesterday at $17.22 on volume of 4,919,500 shares, above average daily volume of 3,478,273.

Toll Brothers is currently below its 50-day moving average of $20.63 and below its 200-day moving average of $18.83.

SmarTrend is bearish on shares of TOL and our subscribers received a Downtrend alert on October 01, 2009 at $19.13, which has returned 10% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Toll Brothers, Inc. (TOL)


Related terms: market, nyse, securities

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