The Housing stocks were the hottest place to invest from 2002 until 2007. What most investors don't realize is that housing stocks topped out in July 2005 and even with the record Bull run of the past 5 years have not come close to those all time highs. When a sector goes parabolic and crashes like housing did, it takes a long time for investors to want to return to that area of the market again.
After having a solid run from the Fall of 2011 until March of this year, Toll Brothers Inc (NYSE:TOL) has retreated nicely. A level with multiple factors where Traders can get involved on the Long side would be $29.78.
Elite Round Table, Pro Trader