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Home-Builder Stocks Under Pressure

Published 07/11/2012, 02:21 PM
Updated 07/09/2023, 06:31 AM

Believe it or not, home-builder stocks have been some of the biggest winners in 2012. This important group is coming under selling pressure today. Toll Brothers Inc (NYSE: TOL) is considered to be one of the leading stocks in the group. Today, TOL's stock is off by 0.93 cents to $28.71 a share. This stock will have some intra-day support around the $28.80, and $28.45 levels.

Some of the other leading home-builder stocks that are declining today include Lennar Corp (NYSE: LEN), KB Home (NYSE: KBH) and D.R. Horton Inc (NYSE: DHI). It's important to note that Home-builder stocks remains strong on the daily charts. All of the stocks mentioned are trading above their important daily 50- and 200-DMAs, which keeps them in a strong technical position.
Toll Brothers Inc.

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