Toll Brothers (TOL) NewsBite - Goldman Removes TOL From Conviction Buy List

Posted: Tuesday, April 14, 2009 10:01 AM EDT

Toll Brothers (NYSE: TOL) opened at $17.90. So far today, the stock has hit a low of $17.90 and a high of $19.00. TOL is now trading at $18.38, up $0.47 (2.62%). Over the last 52 weeks the stock has ranged from a low of $13.55 to a high of $28.00. Goldman Sachs removed TOL's stock from its Conviction Buy List this morning. The brokerage reiterated a Buy rating on the stock, however. Technical indicators for the stock are bullish and S&P gives TOL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TOL the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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