charts courtesy: stockcharts.com
There has been a great deal of debate going on if the housing market in the US is poised for a turnaround. We had a look at a number of home builder stocks and selected the chart of Toll Brothers (Ticker : TOL)-CMP 30.71- to showcase our thought. The stock has hit a new 52 week high and steadily marching ahead and action in this segment is suggesting that the worst may over for the homebuilders. Time to increase exposure to home builders as there is serious accumulation going on!