Toll Brothers Inc (NYSE: TOL)

Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities. It is also involved in building or converting existing rental apartment buildings into high-, mid-, and low-rise luxury homes. In addition, the company, through joint ventures, is developing a high-rise luxury condominium/hotel project and a for-rent luxury apartment complex. Further, it owns, develops, and operates golf courses and country clubs associated with various planned communities. The company serves move-up, empty-nester, active-adult, age-qualified, and second-home buyers in 19 states in the United States. Toll Brothers, Inc. was founded in 1967 and is headquartered in Horsham, Pennsylvania.
To review Toll's stock, please take a look at the 1-year chart of TOL (Toll Brothers, Inc.) below with my added notations:
TOL has been trading mostly sideways for the last 5 months. Over that period of time, the stock has formed an obvious resistance level at $35 (blue). In addition, the stock has also created a strong level of support at $30 (red) that has held ever since mid-August, for the most part. At some point the stock will have to break one of those two levels.

The Tale of the Tape: TOL has identifiable levels of support and resistance. The possible long positions on the stock would be either on a pullback to $30, or on a breakout above $35. The ideal short opportunities would be on a break below $30 or on a rally up to $35.
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