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Home-builder Stocks Come Under Pressure

 
Presented by  Nick Santiago July 11, 2012 10:39AM
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Believe it or not, the home-builder stocks have been some of the biggest winners in 2012. This important industry group is coming under some selling pressure today. Toll Brothers Inc (NYSE:TOL) is considered to be one of the leading stocks in the group. Today, TOL stock is declining lower by 0.49 cents to $29.04 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 lower today include Lennar Corp (NYSE:LEN), KB Home (NYSE:KBH), and D.R. Horton Inc (NYSE:DHI). It is important to note that the Home-builder stocks still remains strong on the daily charts at this time. All of the stocks mentioned are trading above the important daily 50, and 200 moving averages which keep these stocks in a strong technical position.


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Last modified on Wednesday, 11 July 2012 14:15
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