Saturday, 21 July 2012

A GOOD TIME TO LOOK AT HOME BUILDERS AGAIN ?- TOLL BROTHERS NYSE- USA- WEEKLY CHART ANALYSIS


















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!

Mohan Raghav
CEO, Financial Markets Algorithms
Web: www.financialmarketsalgorithms.com
blog: fmatechnicals.blogspot.com/
Twitter: camohanraghav
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours

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