Don't Ignore This Chart!

Toll Brothers Battles Support and Outperforms its Peers

While the Home Construction iShares (ITB) battles broken support, Toll Brothers (TOL) is still holding support from the 2013 lows. The chart below shows TOL bouncing off support in mid August, but falling short of a breakout. The indicator window shows TOL relative to ITB using the price relative (TOL:ITB). TOL underperformed from October to June and then started outperforming the last two months.

Click this image for a live chart
Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus