Friday, September 3, 2010

Keep the home-builders on your radar

Leading home-builder stocks such as Toll Brothers(TOL), Lennar (LEN), and D.R. Horton Inc (DHI) all advanced higher over the past two weeks of trading. These stocks have now entered an overbought area and look primed for short term profit taking. When these stock pull back they will lead any declines in the major stock indexes. Keep watch, next week should be light again but many major moves are nearing.

No comments:

Post a Comment