Monday, March 31, 2008

TOL- Toll brothers- Builder stocks- is it showing bottoming out?

Was just looking at Toll Brothers stock- TOL. Shows a nice resistance line around 24$ with an appealing inverted 'Head and Shoulders' pattern.

Toll Brothers, Inc. engages in designing, building, marketing, and arranging finance for single-family detached and attached homes in luxury residential communities in the United States. It also involves in building, or converting existing rental apartment buildings into high-, mid-, and low-rise luxury homes. The company serves move-up, empty-nester, active-adult, age-qualified, and second-home buyers in 22 states. In addition, Toll Brothers engages in the land development, architectural, engineering, mortgage, title, landscaping, lumber distribution, house component assembly, and manufacturing operations. Further, it develops, owns, and operates golf courses and country clubs associated with planned communities. As of October 31, 2007, the company operated 368 communities containing approximately 27,900 home sites that it owned or controlled through options. It also owned or controlled through options approximately 31,400 home sites in 239 proposed communities. Toll Brothers was founded in 1967 and is headquartered in Horsham, Pennsylvania.

1 comment:

Jayesh Patel said...

For those who like to avoid company specific risks of Citibank, etc, XLF- Financial stocks ETF- is also resting on 200 days moving average so can be played with a 50 cents risk (stoploss)