Barchart.coms Chart of the Day - Toll Brothers (NYSE:TOL)|
Barchart Research Team - BC - Mon Jul 23, 5:17PM CDT
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.
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.
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