Barchart Research Team - BC - Wed May 23, 5:39PM CDT
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.
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:
Chart of the Day Archive
View Past Chart of the Day Reports