Toll Brothers (TOL) NewsBite - NVR Inc. (NVR) Earnings Lift TOL

Posted: Wednesday, October 21, 2009 10:02 AM EDT

Toll Brothers (NYSE: TOL) opened at $19.09. So far today, the stock has hit a low of $18.93 and a high of $19.66. TOL is now trading at $19.49, up $0.42 (2.20%). Over the last 52 weeks the stock has ranged from a low of $13.55 to a high of $24.30. Shares of TOL are rising with other homebuilders this morning after competitor NVR Inc. (NVR) reported a third-quarter profit of $11.59 per share, beating analysts' forecasts of $7.60 per share. This could be a good sign for TOL. Technical indicators for the stock are bullish and S&P gives TOL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on TOL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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