Jim Van Meerten's  Instablog

Barchart Research Team - BC - Mon Jul 23, 5:17PM CDT

Related Stocks
TOL - Toll Brothers Inc.

The "Chart of the Day" is Toll Brothers (TOL), which showed up on Monday's Barchart "52-Week High" list. Toll Brothers on Monday posted a new 5-1/2 year high of $31.19 and closed up 1.04%. TrendSpotter has been long since June 28 at $28.39. In recent news on the stock, Goldman on Monday upgraded homebuilders to Attractive from Neutral, saying that the homebuilder group is at the beginning of a long-term positive trend and that housing starts will be boosted by rising housing prices. Toll Brothers, with a market cap of $5 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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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: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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