Wednesday, July 25, 2012

Chart of the Day - Toll Brothers (TOL)

The "Chart of the Day" is Toll Brothers (TOL), which showed up on Monday's Barchart "52-Week High" list. Toll Brothers on Monday posted a new 5-1/2 year high of $31.19 and closed up 1.04%. TrendSpotter has been long since June 28 at $28.39. In recent news on the stock, Goldman on Monday upgraded homebuilders to Attractive from Neutral, saying that the homebuilder group is at the beginning of a long-term positive trend and that housing starts will be boosted by rising housing prices. Toll Brothers, with a market cap of $5 billion, designs, builds, markets and arranges financing for single-family detached and attached homes in middle and high income residential communities in thirteen states and five regions around the country.

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