Toll Brothers (TOL) NewsBite - TOL Upgraded By Citigroup

Posted: Friday, October 30, 2009 12:04 PM EDT

Toll Brothers (TOL) was upgraded today by analysts at Citigroup and the stock is now at $17.65, up $0.43 (2.5%) on volume of 2,022,415 shares traded. Citigroup upgraded the stock today to Buy. Over the last 52 weeks the stock has ranged from a low of $13.55 in November to a high of $24.30 in December. Toll Brothers stock has been showing support around $16.80 and resistance in the $17.84 range. 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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