Home-builder Stocks Lag In Today’s Rally

The important home-builder stocks are trading slightly lower today despite an early stock market rally. Traders should note that the home-builder sector has been a market leader throughout 2012. Toll Brothers Inc (NYSE:TOL) is considered to be one of the leading stocks in the industry group. Today, TOL stock is trading unchanged on the session at $29.40 a share. Short term traders can watch for intra-day support around the $29.00, and $28.50 levels. The daily chart price of TOL stock remains above the important 50 moving average which tells us that this stock is still in a confirmed up-trend.

Some other leading home-builder stocks that are trading flat today include D.R. Horton, Inc. (NYSE:DHI), Lennar Corporation (NYSE:LEN), and The Ryland Group Inc. (NYSE:RYL). Most of the leading stocks in the home-builder sector will usually trade together, however, Toll Brothers Inc is the leader of the group. All of these stocks are still holding up well on the daily charts at this time.

About Nicholas Santiago 575 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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