Friday, January 25, 2013

Chart of the Day - Toll Brothers (TOL)

The "Chart of the Day" is Toll Brothers (TOL), which showed up on Wednesday's "52-Week High" list. Toll Brothers on Wednesday posted a new 7-year high and closed +2.07%. TrendSpotter has been long since Jan 3 at $33.39. In recent news on the stock, Bank of America/Merrill on Jan 10 reinstated research coverage on Toll Brothers with a Buy and a target of $42. Toll Brothers CEO told Bloomberg in an interview on Jan 23 that Toll Brothers is planning to expand into "high-end" college dorms. Toll Brothers, with a market cap of $6 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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