Toll Brothers Continues on the Downside

Recent headlines tell us that home sales and prices are down but the stock price of Toll Brothers (TOL), a leading home builder, foretold the housing market downturn last year. The Price Direction Indicator (PDI) turned down in early August just after the stock peaked.

On August 9, 2005 the daily PDI fell below the daily PDI 20-day simple moving average.

Home | Making Money | Portfolios | Dividends | Retirement | Articles | Charts | Stocks | Tables