Believe it or not, the home-builder stocks have been some of the biggest winners in 2012. This important industry group is coming under some selling pressure today. Toll Brothers Inc (NYSE:TOL) is considered to be one of the leading stocks in the group. Today, TOL stock is declining lower by 0.49 cents to $29.04 a share. This stock will have some intra-day support around the $28.80, and $28.45 levels. ...Continue reading here
This morning, many of the leading home-builder stocks are holding up well despite the early stock market weakness. One of the leading home-builder stocks is Lennar Corp (NYSE:LEN). Today, LEN stock is trading higher by 0.51 cents to $26.41 a share. ...
This morning, all of the leading home-builder stocks are showing some early strength despite the over-all stock market weakness. This industry group is displaying good intra-day relative strength and could lead the markets higher if bounces take place in the major stock indexes. Lennar Corp (NYSE:LEN) is considered to be one of the leading home-building stocks in the sector.
All of the leading home-builder stocks are coming under heavy selling pressure today. This sector has been very strong since October 4, 2011. At the time, the leading home-builder stock Toll Brothers Inc (NYSE:TOL) was trading as low as $13.16 a share. Today, TOL stock is trading lower by 0.83 cents to $25.19 a share. TOL stock will have intra-day support around the $24.43, and $23.80 levels.
Most of the leading home-builder stocks are now trading into overbought territory. When a stock or sector becomes overbought it will become susceptible to near term pullbacks. Today, most of the leading home-builder stocks are coming under early selling pressure. Toll Brothers Inc (NYSE:TOL) is considered to be the leading stock in the sector.
This morning, most of the leading home-builder stocks are coming under early selling pressure. This important stock sector has surged higher since the October 4, 2011 stock market low. Toll Brothers Inc (NYSE:TOL) is one the most followed and traded home-builders that any trader or investor can track. This stock caters to the more affluent consumer as it builds high end homes.
Once again, bond yields on the 10 and 30 year U.S. Treasury Note are rising. Last week, the yields jumped sharply higher by more than 25 basis points on both the 10, and 30 year note. Higher rates will affect the important mortgage market and this could be problematic to the recent inflation rally.
