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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Toll Brothers - TOL - Barchart's Chart Of The Day 0 comments
    May 24, 2012 8:40 AM | about stocks: TOL

    Barchart.coms Chart of the Day - Toll Brothers (NYSE:TOL)

    Barchart Research Team - BC - Wed May 23, 5:39PM CDT

    Related Stocks
    TOL - Toll Brothers Inc.

    Sym Last Chg Pct
    TOL 27.75 +0.72 +2.66%

    The "Chart of the Day" is Toll Brothers (TOL), which showed up on Wednesday's Barchart "52-week High" list. Toll Brothers on Wednesday posted a new 5-year high of $28.08 and closed +2.66%. TrendSpotter has been long since April 27 at $25.56. Toll Brothers was boosted on Wednesday by a stronger-than-expected U.S. April new homes sales report of +3.3% to 343,000, which was stronger than expectations of +2.1% to 335,000, and by the 1.8% increase in the U.S. FHFA home price index, which suggested demand is firming for U.S. housing. Toll Brothers on Wednesday reported Q2 EPS of 10 cents, which was better than the consensus of 4 cents. The company said the spring selling season has been the most robust since the downturn began. Toll Brothers, with a market cap of $4.4 billion, builds single-family homes in middle and high income residential communities in thirteen states and five regions around the country.

    (click to enlarge)tol_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.

    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.

    • TrendSpotter: Buy
    • Short-Term Indicators: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

    Quotes and Charts
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    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheetâ„¢

    Barchart Opinions
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    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive
    View Past Chart of the Day Reports

    Stocks: TOL
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