The Chart of the Day belongs to Toll Brothers (TOL). I found the home builder stock by using Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs in the last month then again for 100% technical buy signals. Since the Trend Spotter signaled a buy on 9/12 the stock gained 12.69%\.
Toll Brothers 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. The communities are generally located on land Co. has developed, although, due to the poor economic conditions during the early 1990's, Co. has been able to acquire a number of fully approved parcels and often improved subdivisions.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 20 new highs and up 16.28% in the last month
- Relative Strength Index 82.65%
- Technical support level at 44.37
- Recently traded at 45.37 with a 50 day moving average of 40.69
Fundamental factors:
- Market Cap $7.32 billion
- P/E 16.58
- Dividend yield .72%
- Revenue expected to grow 13.60% this year and another 15.50% next year
- Earnings estimated to increase 46.30% this year, an additional 12.20% next year and continue to compound at an annual rate of 13.56% for the next 5 years
- Wall Street analysts issued 5 strong buy, 6 buy, 9 hold and 1 under perform recommendation on the stock
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