The important home-builder stocks are trading slightly lower today despite an early stock market rally. Traders should note that the home-builder sector has been a market leader throughout 2012. Toll Brothers Inc (TOL) is considered to be one of the leading stocks in the industry group. Today, TOL stock is trading unchanged on the session at $29.40 a share.
Short-term traders can watch for intra-day support around the $29.00, and $28.50 levels. The daily chart price of TOL stock remains above the important 50 moving average which tells us that this stock is still in a confirmed up-trend.
Some other leading home-builder stocks that are trading flat today include D.R. Horton, Inc. (DHI), Lennar Corporation (LEN), and The Ryland Group Inc. (RYL). Most of the leading stocks in the home-builder sector will usually trade together, however, Toll Brothers Inc. is the leader of the group. All of these stocks are still holding up well on the daily charts at this time.