Toll Brothers Inc. (TOL) breaks past 200 days MA

Toll Brothers Inc. (NYSE: TOL) said preliminary results show that homebuilding revenue for the fourth quarter fell to $486.6 million from $691.1 million a year ago. Quarterly contracts rose to $430.8 million from $266.7 million in the year ago period.

However, Toll Brothers Inc. (TOL) appears all set for an upswing, given that the stock has already breached past 200 days MA on Wednesday, on high volumes.

Given that the results are still better than those anticipated by analysts', Toll Brothers Inc. (TOL) stock soared in early trades by 15.6% to $21.25.