Toll Brothers (TOL) NewsBite - TOL Jumps on Preliminary Q4 Numbers
Posted: Wednesday, November 11, 2009 10:30 AM EDT
By: Market Intelligence Center Staff
Toll Brothers (NYSE: TOL) opened at $20.14. So far today, the stock has hit a low of $20.00 and a high of $21.35. TOL is now trading at $21.22, up $2.83 (15.39%). Over the last 52 weeks the stock has ranged from a low of $13.55 to a high of $24.30. TOL said last night that its fourth-quarter homebuilding revenue dropped 30 percent but its fourth quarter net signed contracts rose 42 percent, well above analysts' forecasts. TOL reports full earnings on December 3. 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 19 range. [ABR-Seven Summits Strategic Investments NewsBite]
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