Shares of Toll Brothers (NYSE:TOL) have collapsed lower in the last two weeks, falling from a 52-week, multi-year high of $52.73 to a low on Monday of $47.71. This decline should make investors worry about the future condition of the housing market. However, as with any stock, Toll Brothers will bounce hard at a key support level.
Buy Here
I'm scoping out a swing-trade buy at the technical, major support of $46.60. Based on PPT Methodology time counts, it needs to hit that level by Wednesday. If it does, look for a significant bounce back to $50 within days.