KB Home (KBH) NewsBite - Toll Bros. (TOL) Orders Lift KBH
Posted: Wednesday, November 11, 2009 10:14 AM EDT
By: Market Intelligence Center Staff
KB Home (NYSE: KBH) opened at $15.13. So far today, the stock has hit a low of $15.10 and a high of $15.43. KBH is now trading at $15.13, up $0.47 (3.21%). Over the last 52 weeks the stock has ranged from a low of $6.90 to a high of $20.70. KBH shares are rising today after competitor Toll Brothers (TOL) said its quarterly orders rose 42 percent in the fourth quarter from the year-ago period, well above analysts' estimates. This could be a good sign for KBH. Technical indicators for the stock are neutral and S&P gives KBH a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on KBH the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 13 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE KB Home (KBH) Stock ReportSee what our analysts have uncovered about KB Home (KBH).