Toll Brothers Inc TOL shares are trading higher by $0.86 at $26.89 in Tuesday's session. Its penny miss for EPS was offset by slightly higher revenues. With the mixed report, the Street is banking on the traffic numbers in the early spring selling season will translate into more purchases moving forward.
Its decline off the open found support just ahead of Monday's low ($25.42), only reaching $25.49 before embarking on an impressive rally.
So far it has reached $27.25 and has retreated to the $27 area. If the rally continues, there may additional resistance at the pair of highs from February 4 ($27.66) and February 5 ($27.55).
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