Skip to main content

From the high of $35.64 (U.S.) in February, 2007 (A), U.S. luxury home builder Toll Brothers Inc. declined to $15.49 in January, 2008 (B) and after a series of rallies and declines, it settled into a trading range between $15 and $23 (dashed lines). A move above $24-$25 would suggest the start of a new up-leg. Only a decline below $18-$19 would suggest additional base-building is required.

A rise above $24-$25 would signal Point & Figure targets of $29 and $34. The large area of accumulation (dashed lines) supports significantly higher targets.

Ron Meisels is a contributor to the website. Monica Rizk is the senior Technical Analyst for Phases & Cycles Inc. They may hold shares in companies profiled. Please see the site for a glossary.

Chart source:

Story continues below advertisement

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at